RECENT DEVELOPMENTS IN IMRO'S ENFORCEMENT ACTIVITIES Available to Purchase

In March 1994 the Investment Management Regulatory Organisation (IMRO)1 published its Regulatory Plan for 1994/ 95. The Plan followed six months of intensive internal review at IMRO involving the entire IMRO staff. The Plan reaffirms IMRO's fundamental purpose of investor protection, and identifies specific strategies for accomplishing IMRO's regulatory mission during the course of the coming year. The Plan seeks to create a culture of accountability at IMRO. By making its operations and decisions more transparent, IMRO hopes to ensure that investor protection is delivered to a very high standard. This focuses on a number of important initiatives that IMRO is undertaking to increase the effectiveness and accountability of its enforcement activities. The principal steps are: publication of an IMRO Disciplinary Policy Statement, including guidelines on fining policy; restructuring of the IMRO disciplinary processes to enhance efficiency and effectiveness; and publication of new performance measures on IMRO investigations and disciplinary cases.