Latest News | Sebi Signs Pact with Mongolia's Financial Regulatory Commission
Get latest articles and stories on Latest News at LatestLY. Capital markets regulator Sebi on Wednesday said it has entered into a pact with Mongolia's Financial Regulatory Commission for mutual cooperation and technical assistance in the area of securities market rules.
New Delhi, Jul 27 (PTI) Capital markets regulator Sebi on Wednesday said it has entered into a pact with Mongolia's Financial Regulatory Commission for mutual cooperation and technical assistance in the area of securities market rules.
The objective of the memorandum of understanding (MoU) is to strengthen cross-border cooperation in the area of securities regulation, the Securities and Exchange Board of India (Sebi) said in a statement.
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The pact will facilitate mutual assistance, contribute towards the efficient performance of the supervisory functions, help in sharing technical domain knowledge, and enable effective enforcement of the laws and regulations governing the securities markets, it added.
Sebi has signed bilateral MoUs with securities regulators of various jurisdictions. It is also a signatory to the International Organization of Securities Commissions' multilateral MoU and enhanced multilateral MoU.
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(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)