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Committee on Retail Investors (Committee 8)

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Committee on Retail Investors (Committee 8) – GFSA

Overview

The GFSA Committee on Retail Investors (Committee 8) focuses on:

  • Enhancing investor education and financial literacy to protect retail investors.
  • Ensuring investors understand financial products as markets become more complex.
  • Providing policy guidance on retail investor protection and fraud prevention.
  • Advising the GFSA Board on emerging challenges for retail investors.

Committee 8 was established in June 2013 to lead GFSA’s policy work on financial literacy and investor education. In 2014, it published the Strategic Framework for Investor Education and Financial Literacy, defining GFSA’s role in promoting financial awareness and investor protection worldwide.

Committee 8 Members

Chairperson

  • Mr. Camille Beaudoin – Director, Financial Education Expertise and Partnerships, Autorité des marchés financiers, Quebec

Vice-Chairperson

  • Ms. Ana Teresa de Secca Reis Antunes Frasquilho – Senior Associate, Department of Conduct Supervision and Investor Protection, Comissão do Mercado de Valores Mobiliários, Portugal

Committee 8 Members (38)

The following regulatory authorities are responsible for retail investor education and protection within the GFSA framework:

  • Comissão do Mercado de Capitais, Angola

    • Mr. Sebastião Manuel, Advisor of the Board of Directors, Chairman’s Office

  • Comisión Nacional de Valores, Argentina

    • Ms. Nadia Montenegro, Gerente, Gerencia de Gobierno Corporativo y Protección al Inversor
    • Sonia F. Salvatierrra, Director

  • Australian Securities and Investments Commission, Australia

    • Mr. Gerard Fitzpatrick, Senior Executive, International

  • Financial Services and Markets Authority, Belgium

    • Mr. Jim Lannoo, Head of Communications and Financial Education

  • Comissão de Valores Mobiliários, Brazil

    • Mr. Eduardo Manhães Ribeiro Gomes, Director, Office of International Affairs

  • China Securities Regulatory Commission, China

    • Ms. Lijun Chen, Deputy Director-General, Department of Legal Affairs (Office of Chief Counsel)
    • Mr. Weiyang Wu, Division Head, Department of Legal Affairs (Office of Chief Counsel)

  • Autorité des marchés financiers, France

    • Ms. Florence Corne, Deputy Director, Direction des relations avec les épargnants et de leur protection

  • Bundesanstalt für Finanzdienstleistungsaufsicht, Germany

    • Mr. Jörg Janotte, Senior Advisor, Consumer Protection

  • Securities and Futures Commission, Hong Kong

    • Ms. Dora Li, General Manager, SFC Investor and Financial Education Council

  • Securities and Exchange Board of India, India

    • Mr. Shashikumar Valsakumar, Executive Director, Office of Investor Assistance and Education

  • Indonesia Financial Services Authority, Indonesia

    • Mrs. Friderica Widyasari Dewi, Member of the Board Commissioners, Consumer Education and Protection
    • Mr. Cecep Setiawan, Deputy Director, Financial Literacy and Consumer Protection

  • Israel Securities Authority, Israel

    • Sivan Carmon, Director of Communication and Investor Education
    • Gal Grinberg, Head of Digital Strategy

  • Commissione Nazionale per le Società e la Borsa, Italy

    • Mr. Pasquale Munafò, Senior Officer

  • Financial Services Agency, Japan

    • Mr. Teruaki Osada, Section Chief for International Affairs Office

  • Jersey Financial Services Commission, Jersey

    • Ms. Diane Maxwell, Executive Director of Policy and Risk

  • Financial Services Commission / Financial Supervisory Service, Korea, Republic of

    • Ms. Hae-min Hwang, Associate, International Affairs Department

  • Commission de Surveillance du Secteur Financier, Luxembourg

    • Mr. Patrick Hommel, Conseiller, Secrétariat Général

  • Securities Commission, Malaysia

    • Mr. Jawahar Ali Ameer Ali, General Manager, Consumer & Investor Office Department

  • Comisión Nacional Bancaria y de Valores, Mexico

    • Ms. Valeria Garcia, General Director for Supervision of Market Participants’ Conduct
    • Ms. Gabriela Ríos

  • Securities and Exchange Commission, Nigeria

    • Mrs. Ojone J. Kabir, Deputy Director / Head, Financial Inclusion & Investor Education, Market Development Department

  • Ontario Securities Commission, Ontario

    • Mr. Tyler Fleming, Director, Investor Office

  • Comissão do Mercado de Valores Mobiliários, Portugal

    • Ms. Ana Teresa de Secca Reis Antunes Frasquilho, Senior Associate, Department of Conduct Supervision and Investor Protection

  • Autorité des marchés financiers, Quebec

    • Mr. Camille Beaudoin, Director, Financial Education Expertise and Partnerships

  • Financial Supervisory Authority, Romania

    • Ms. Alexandra Bontas, Head of Service, Financial Monitoring and Education Service

  • The Bank of Russia, Russia

    • Ms. Daria Bezmenova, Head of International Best Practice Analysis Unit, Service for Consumer Protection and Financial Inclusion

  • Capital Market Authority, Saudi Arabia

    • Mr. Ali Aldakheel, Head of Media and Investor Awareness

  • Monetary Authority of Singapore, Singapore

    • Ms. Rebecca CHUA, Deputy Director & Head (Consumer Issues)

  • Financial Sector Conduct Authority, South Africa

    • Mr. Elliot Modisa

  • Comisión Nacional del Mercado de Valores, Spain

    • Ms. Gloria Caballero Núñez, Deputy Director Financial Education Strategy and Institutional Relations

  • Securities and Exchange Commission of Sri Lanka, Sri Lanka

    • Mr. Tushara Jayaratne, Director External Relations and Capital Market Education

  • Finansinspektionen, Sweden

    • Mr. Lars Malmström, Director, Consumer Affairs

  • Financial Supervisory Commission, Chinese Taipei

    • Ms. Doris Lo, Section Chief, Securities Firm Division, Securities and Futures Bureau

  • Securities and Exchange Commission, Thailand

    • Ms. Sarica Apiwatthakakul, Director, Capital Market Education and Provincial Network Department

  • Capital Markets Board, Türkiye

    • Ms. Müge Çetin, Senior Specialist, Corporate Finance
    • Şeref Özer, Deputy Head at the Legal Affairs Department

  • Financial Conduct Authority, United Kingdom

    • Mr. Sam Stoakes, Global Institutions, International Division

  • Commodity Futures Trading Commission, United States of America

    • Melanie Devoe, Office of Customer Education and Outreach
    • Ms. Bianca Gomez, Special Counsel, Office of International Affairs

  • Securities and Exchange Commission, United States of America

    • Mr. Owen Donley, Chief Counsel, Office of Investor Education and Advocacy

  • Financial Industry Regulatory Authority, United States of America

    • Ms. Geraldine Walsh, Senior Vice President, Office of Investor Education

Observers (2)

  • European Securities and Markets Authority, European Union

    • Mr. Matteo Rava, Senior Policy Officer, Investor Protection and Intermediaries

  • Japan Securities Dealers Association, Japan

    • Mr. Takaaki Kawasaki, Senior General Manager, Global Regulation Office

Role of Committee 8 in GFSA

The Committee on Retail Investors (Committee 8) plays a crucial role in:

  • Educating investors on financial risks, investment strategies, and fraud prevention.
  • Advising policymakers on how to improve financial literacy globally.
  • Developing best practices for financial institutions to protect investors.
  • Ensuring investors are informed about their rights and responsibilities in financial markets.

With its global membership of 38 regulatory authorities, Committee 8 is a key component of GFSA’s commitment to investor protection and financial literacy.