meta_id 3220672

On June 8, 2026, Japan's Financial Services Agency announced the publication of a final report by the International Organization of Securities Commissions (IOSCO) titled "Recommendations on Valuing Collective Investment Schemes (CIS)." IOSCO released this report on June 1, 2026. The final report updates and consolidates two previous IOSCO publications: the "Principles for the Valuation of Hedge Fund Portfolios" (2007) and the "Principles for the Valuation of Collective Investment Schemes" (2013). The update reflects recent developments in valuation best practices for CIS and the increased investment in low-liquidity and illiquid assets, including private assets. The report addresses evolving market conditions and provides contemporary guidance for securities regulators and market participants involved in collective investment scheme valuations. IOSCO developed the final report following a public consultation period. The organization published a consultation document in November 2025 and incorporated feedback received during that period into the final recommendations. The report establishes updated principles and recommendations for valuing various types of collective investment schemes in contemporary markets, reflecting industry evolution and regulatory experience since the previous guidance was issued over a decade ago. The final report and accompanying press release are available on the IOSCO website. Japan's Financial Services Agency's International Affairs Division oversees coordination with IOSCO and related international standard-setting bodies on securities regulation matters.