ICMA is the self-regulatory organisation and trade association representing constituents and practitioners in the international capital market worldwide.

Axel Forster, Member of the Executive Committee, Société de la Bourse de Luxembourg, commented: "In the changing regulatory environment in which we are operating, it is vital that we are kept abreast of regulatory initiatives and their impact on the international market. For us ICMA provides a link with international market participants and their concerns and is also a valuable source of information on regulatory developments in other European markets".

ICMA's member firms are located in 48 countries across the globe, including all the world's main financial centres, and currently number some 400 financial institutions in total. ICMA is committed to encouraging development of the capital market through enlarging its representation of all capital market constituencies.

Membership is open to asset managers, exchanges, central banks, regulators, trade bodies, major issuers and other capital market participants as well as to banks.