ARTICLE 7 RELATIONSHIP WITH INTERNATIONAL BODIES 1. The Authorities should: (a) become members of and liaise with IOSCO, IAIS and lOPS; and (b) disseminate to other Authorities, who are not members of IOSCO, IAIS and lOPS, information derived from those institutions. ARTICLE 8 DEVELOPMENT PROGRAMME 1. State Parties agree that, the Authorities should, in order to develop focused programmes for their respective financial services industries, assess the level of development of their non- banking financial institutions with regard to, inter alia: (a) the supply and use of financial products and services; (b) level of competition; and (c) any barriers to development. ARTICLE 9 HARMONISED FINANCIAL REGULATORY REGIME The Authorities shall work towards the harmonisation of their respective laws and regulations and regulatory and supervisory practices with the aim of preventing or reducing regulatory arbitrage. ARTICLE 10 TRAINING AND EDUCATION OF STAFF The Authorities shall: (a) ensure that both local and foreign training opportunities are developed, expanded and hosted throughout the Region, and made available to the staff of all Authorities; (b) identify their training needs; (c) explore the development programme(s) suitable for their needs; (d) assist as much as possible with the presentation of such training programmes; (e) organise and encourage attachments throughout the Region or abroad to provide on-the-job training; 104