The Guyana Securities Council (GSC) is depending on a re-write of the 1998 Securities Industry Act and amendments to the Financial Institutions Act to allow it to better protect investors and provide tangible benefits to the domestic financial market.
According to the 2016 Annual Report of the council, the amendments would allow it to become an ordinary member of the International Organisation of Securities Commissions (IOSCO) which would aid in its work.
An application to join the IOSCO was first made in 2005, however becoming an ordinary IOSCO member is conditional upon signing its Multila-teral Memorandum of Understanding on Cooperation and Consultation and the Exchange of Information (the MMoU).
The report, which was laid in Parliament last month
