SEBI signed a memorandum of understanding (MoU) on co-operation and technical assistance

Sebi, Bangla regulator sign pact over co-operation

Question: Recently Securities and Exchange Board of India (SEBI) signed a memorandum of understanding (MoU) with which country’s Securities and Exchange Commission (BSEC) on co-operation and technical assistance?

(a) Bangladesh
(b) Sri Lanka
(c) Vietnam
(d) Myanmar

Ans (a)

Related facts:

  • On 22 November 2015 the Securities and Exchange Board of India (SEBI) signed a memorandum of understanding (MoU) with the Bangladesh Securities and Exchange Commission (BSEC).
  • Under the agreement the two countries will be provided training and technical assistance.
  • The MoU is aimed at promoting economic links, enhancing investor protection, and development of capital markets.
  • The Indian regulator has already signed 20 bilateral MoUs with other countries.
  • India and Bangladesh securities market regulators are member of International Organisation of Securities Commissions (IOSCO).
  • The pact was signed by SEBI’s chairman U K Sinha and chairman of Bangladesh Securities and Exchange Commission M Khairul Hossain.

Reference:

http://www.sebi.gov.in/sebiweb/home/list/4/23/0/0/Press-Releases

http://www.thehindubusinessline.com/markets/stock-markets/sebi-bangladesh-sec-sign-pact/article7909184.ece

http://economictimes.indiatimes.com/markets/stocks/policy/sebi-in-pact-with-bangladesh-counterpart-for-investors-protection/articleshow/49894568.cms

http://www.business-standard.com/article/markets/india-bangladesh-market-regulators-ink-pact-115112300827_1.html