The IOSCO Committee 8 (C8) The IOSCO Committee 8 (C8) was established in June 2013 to deal with issues related to retail investors, and its primary mandate is to conduct policy work on financial literacy and investor protection. The JSDA has participated as an observer in its meetings since September 2014 and contributed to its projects on anti-fraud messaging, investor risk education, and protection of senior retail investors, among others. Recent meetings of the C8 were held in Tokyo in April 2018, Hangzhou in January 2019, and Madrid in April 2019.