International Organization of Securities Commissions launches consultation on good practices for OTC commodity derivatives data and market intervention

The International Organization of Securities Commissions (IOSCO) published a consultation report proposing good practices for over-the-counter (OTC) commodity derivatives markets to support implementation of IOSCO’s Principles for the Regulation and Supervision of Commodity Derivatives Markets. The proposals focus on strengthening implementation of Principles 12, 15 and 16, covering authorities’ ability to obtain information, intervene to prevent or address disorderly markets, and respond to unexpected disruptions. IOSCO highlights that market participants often hold positions across exchange-traded, OTC and physical markets, which can affect price formation and volatility and heighten market abuse risks when authorities lack visibility over large, concentrated positions. The proposed good practices encourage market authorities to establish provisions enabling regulators or exchanges to obtain and use OTC derivatives data at beneficial-owner level when needed, apply proportionate and risk-based approaches to the basis and frequency of OTC position data collection, and identify “critical or significant” contracts where enhanced reporting and oversight may be justified. They also address aggregation of positions across sufficiently related exchange-traded and OTC contracts, data safeguards and use restrictions where exchanges receive sensitive OTC information, and expectations for transparent intervention policies and timely information flows and cooperation among exchanges, regulators and across borders. Comments are requested by 19 June 2026, with feedback to inform a final report providing implementation guidance for IOSCO members.