International Securities Market Association (ISMA)

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1969, as Association of International Bond Dealers (AIBD) -- Association des courtiers internationaux en obligations. Incorporated under Articles 60-79 of the Swiss Civil Code. New name adopted May 1991, effective 1 Jan 1992. Statutes last amended 1 Jun 1995. 1 Jul 2005, merged with H-XD0298 - International Primary Market Association (IPMA) to become D-XM0737 - International Capital Market Association (ICMA).


Promote good relations among members and provide a basis for joint examination and discussion of questions relating to the international securities markets, issuing and enforcing rules and making recommendations governing their operations; provide services and assistance to participants in international securities markets.


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Board of 16 members. Executive Committee, comprising 5 members. Committees dealing with: settlement questions; legal matters that are market-related; market practices, market making and secondary market problems; education, regional affairs and liaisons with other markets. Committee of regional representatives, regions being: Americas; Austria, Eastern and South Eastern Europe; Belgium; Pan-Asian Countries; France and Monaco (Monaco); Germany, Iberia; Italy; Luxembourg (Luxembourg); Middle East; Netherlands; Nordic; Switzerland and Liechtenstein; United Kingdom and Ireland. Council and Committee of reporting dealers; Education committee; Market practices committee. Sub-committees as required.


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Relations with Non-Governmental Organizations

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Type I Classification

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Type II Classification

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Subjects *

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UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic GrowthGOAL 12: Responsible Consumption and Production



Last News


* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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