The Securities and Exchange Board of India (SEBI) and the Financial Regulatory Commission, Mongolia (FRC) have entered into a bilateral Memorandum of Understanding (MoU) for mutual co-operation and technical assistance. The MoU has been signed by Ms. Madhabi Puri Buch, Chairperson, SEBI and Mr. BayarsaikhanDembereldash, Chairman, FRC.
The objective of this MoU is to strengthen cross border co-operation in the area of securities regulation.
This will facilitate mutual assistance, contribute to wards efficient performance of the supervisory functions, aid in sharing technical domain knowledge, and enable effective enforcement of the laws and regulations governing the securities markets.
SEBI has signed bilateral MoUs with securities regulators of various jurisdictions. SEBI is also a signatory to the Multilateral MoU (MMoU) and Enhanced MMoU (EMMoU) of the In ternational Organization of Securities Commissions (IOSCO).
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