SEBI signs IOSCO’s Enhanced Multilateral MoU (EMMoU)

SEBI has signed the Enhanced Multilateral Memorandum of Understanding (EMMoU) of the International Organization of Securities Commissions (IOSCO) on December 22, 2021. Shri. Ajay Tyagi, Chairman signed the EMMoU on behalf of SEBI. With the signing, SEBI joins a select group of securities regulators which are signatories to EMMoU.

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 oper ate which have also given rise to new enforcement challenges. Accordingly,  realizing the need to have a suitable cooperation arrangement, EMMoU was introduced by IOSCO to expand the range of enforcement powers that signatories may use to safeguard the inte grity and stability of markets, protect investors and deter misconduct and fraud.

The EMMoU signatories, by availing themselves of advanced level of assistance and by continuing to provide each other with the fullest cooperation permissible, are expected to increase the effectiveness of their investigations and the enforcement of their jurisdiction's laws and regulations.

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