For example, the Commodity Futures Trading Commission (CFTC) and the North American Securities Administrators Association in the United States are associate members of IOSCO given that the U.S. Securities and Exchange Commission is the ordinary member from the United States. Associate members have no vote and are not eligible for the Executive Committee; they are, however, members of the Presidents' Committee. Affiliate members: include stock exchanges, self-regulatory organizations, and various stock market industry associations.