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

Comparación del grado de implementación del principio IOSCO “la regulación promoverá la transparencia en la negociación” en Colombia y la Unión Europea



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León Franco, L. A. (2024). Comparison of the Level of Implementation of the IOSCO Principle “Regulation Should Promote Transparency of Trading” in the European Union and Colombia. Misión Jurídica, 17(27), 223-251. https://doi.org/10.25058/1794600X.2468

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Luis Alejandro León Franco

Luis Alejandro León Franco,

Graduated from the school of law of  Pontificia Universidad Javeriana, with postgraduate degree in Stock Markets Law from the same university. He also holds a Master of Laws (LLM)  in Law and Finance from Leiden University. Currently, he works as principal lecturer of commercial papers and negotiable instruments at the Universidad del Rosario and he is co-author of the book “Títulos Valores. Aproximación teórica y práctica”. 


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.


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