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SEBI Enters MoU With Nigeria, Thailand Market Regulators |
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Written by Tyler_Ross
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Wednesday, 11 April 2007 |
The Securities and Exchange Board of India has signed up joint MoU with two securities markets regulatory authorities — the Securities and Exchange Commission of Thailand (SEC, Thailand) and the Securities and Exchange Commission of Nigeria (SEC, Nigeria).
The memorandum of understandings will facilitate in authoritarian co-functioning, joint support and allocation of information with these exchanges.
The SEBI Chairman, M. Damodaran and Thirachai Phuvanatnaranubala, Secretary-General, SEC, Thailand signed the MoU with SEC, Thailand. On the other hand, the SEBI chairman and Musa Al-Faki, Director-General, SEC, NIGERIA signed the MoU with SEC Nigeria.
Mr. Damodaran said, “India is one of the early signatories of the multilateral MoUs with regulators of various countries. We have signed bilateral MoUs with countries, which are not signatories of the multilateral MoU, to enhance the flow of information on either side and increase regulatory co-operation. “
At present, SEBI had signed two-sided MoUs with the UAE, China and Hong Kong regulators. The MoUs were contracted at the 32nd IOSCO (International Organization of Securities Commissions) Annual Conference hosted by SEBI in Mumbai.
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