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History

The International Council of Securities Associations (ICSA) was established in 1988, in the aftermath of the severe stock market correction of 1987. In view of the growing linkages between national capital markets, the trade and self-­regulatory associations representing the world's largest financial markets agreed to establish an international body of practitioners as a means to share information, work toward global best practices and promote mutual understanding. Originally named the International Council of Securities Dealers and Regulatory Associations, ICSA held its inaugural Annual General Meeting in 1988 in Tokyo, Japan. ICSA's founding members were the Financial Intermediaries, Managers and Brokers Regulatory Association (UK), the Association Française des Societes de Bourse (France), the Investment Dealers Association of Canada, Japan Securities Dealers Association, the Securities Industry Association (U.S.) and the National Association of Securities Dealers (U.S.). ICSA is now comprised of 19 member organizations.