Comparison of the Level of Implementation of the IOSCO Principle “Regulation Should Promote Transparency of Trading” in the European Union and Colombia

Abstract

This article assesses and compares the level of implementation of the IOSCO principle concerning trading transparency in the regulatory framework of the European Union and Colombia. For that purpose, the author applies the methodology set by IOSCO, so as to assess the level of implementation of the referred principle in the regulatory framework of the mentioned jurisdictions. Nonetheless, the scope of the research is narrow to the study of the level of trading transparency of the transactions executed in the stock exchange.