ICMA provides services for members through its market practices and regulatory policy activities in Europe and beyond by:

• setting standards of good practice for orderly markets, in consultation with members (which also means membership is seen as a “seal of approval” by their peers, supervisors and regulators);
• consulting members and representing members’ views to other constituencies, notably to regulators and central banks on cross-border regulatory issues, but also to other market participants;
• providing a pan-European focus;
• representing the sell side and buy side together, where they agree, and facilitating dialogue between them;
• working in cooperation with other trade associations, where it is in ICMA’s members’ interests; and
• sharing ICMA’s experience of setting standards of good market practice in Europe with trade associations and self-regulatory organisations in other parts of the world.

ICMA concentrates on cross-border, rather than domestic, market practice and regulatory issues because that is where, as a trade association with a pan-European focus, ICMA can add most value for its members.
 
ICMA works as closely as possible with members through its market practice and regulatory policy committees (and related working groups) which enable interested members to provide expert input into ICMA’s market practices and regulatory policy work; and they also act as a forum for discussion and reaching a consensus on topics of common interest. The ICMA Regulatory Policy Committee oversees all ICMA’s market practices and regulatory policy work. It consists of the government affairs, regulatory and compliance heads in member firms.
 
ICMA communicates with its members on market practice and regulatory policy issues through its Regulatory Policy Newsletter, this area of the website and through seminars and conferences.
 
For more information contact the ICMA Market Practice and Regulatory Policy team at: RegulatoryPolicy@icmagroup.org