The main purpose of the survey is to gather views on emerging risks to/within securities markets and help identify/highlight pockets of risk that may not be captured by normal statistical analysis or desk research. It is not an attempt to rank risks through a survey. The survey should be seen as one way to gather global views and opinions and an important supplement to the market intelligence and other data research exercises undertaken by the research function of IOSCO. The results of this survey constitute an important input into the annual production of the IOSCO Securities Market Risk Outlook, the next edition being due for publication in January 2016.