The regulator of the Indian economic industry, the Securities and Exchange Board of India (SEBI) has announced that it has signed a bilateral MoU with the Securities and Exchange Commission of Pakistan (SECP) on Monday. The sources from the SEBI have stated that the MoU has been signed for assistance and mutual cooperation. They informed that the Chairman of SEBI, Mr. M Damodaran and the Chairman of SECP, Mr. Razi-ur-Rahman Khan have signed the MoU on behalf of their respective authorities.
According to the officials from SEBI, the two Chairmen have signed the MoU on the occasion of the second annual meeting of the South Asian Securities Regulators Forum that started in the city of New Delhi on Tuesday. They also said that the two market regulators were planning to establish a general framework for cooperation and consultation and mutual assistance between them with this new MoU signing. The main objective behind signing the MoU is to facilitate the fulfilling of their regulatory responsibilities in a better way. The officials further informed that SEBI is currently having bilateral MoUs with 14 jurisdictions and it also has a LoI for mutual cooperation with the Hong Kong SFC.
|
|
|
|
|
| Posted : 1/30/2008 |
|
| Browse through Product Directory of JimTrade.com which offers an exhaustive data on Products of Services where as Suppliers Directory of JimTrade.com provides a detailed information on Suppliers of Services |
|
|
|
