Latest News | Sebi Signs Enhanced Multilateral MoU of International Organization of Securities Commissions

New Delhi, Dec 23 (PTI) Markets regulator Sebi has signed the enhanced multilateral memorandum of understanding (EMMoU) of the International Organization of Securities Commissions.

Sebi is already a signatory to MMoU since 2003, it said in a release.

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The EMMoU was introduced by IOSCO to expand the range of enforcement powers that signatories may use to safeguard the integrity and stability of markets, protect investors and deter misconduct and fraud, Sebi said.

The pact signed on Wednesday is expected to increase the effectiveness of the signatories' investigations and the enforcement of their jurisdictions' laws and regulations.

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"Since the inception of IOSCO's Multilateral MoU (MMoU) in 2002, there has been a significant increase in globalisation and interconnectedness of financial markets, as well as advancements in technology that have changed the way the securities markets operate," the release said.

It has also given rise to new enforcement challenges, it added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)