As the Critique makes plain, the flawed IOSCO report recommends merely to apply existing regulatory structures to SCF securities.

CENTERFORSECURITYPOLICY: Coalition to Stop Shariah warns Fed, SEC

Compiling a report for G20 finance ministers last year, IOSCO found those other players in the market want regulation, but doubt financial regulators have the expertise to provide it.

BBC: Setting prices crudely

Gary Gensler, head of the CFTC and former Goldman Sachs trader, made the move in an effort to issue guidance to the International Organization of Securities Commissions (IOSCO).

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