Who: Securities and Exchange Board of India
What: Signed MoU with Bangladesh Securities and Exchange Commission
When: 22 November 2015
Securities and Exchange Board of India (SEBI) on 22 November 2015 signed Memorandum of Understanding (MoU) with the Bangladesh Securities and Exchange Commission (BSEC) on bilateral cooperation and technical assistance.
Highlights of the MoU
• The MoU was signed by UK Sinha, Chairman, SEBI and Dr M Khairul Hossain, Chairman, BSEC at Dhaka, Bangladesh.
• This MoU will further facilitate training and technical assistance program between the two jurisdictions.
• The MoU seeks to promote further development of economic links and cooperation between the two signatories.
• It aims at enhancing investor protection and creating conditions for an effective development of securities markets in the two countries.
In the past, SEBI has been actively engaging with the securities market regulators in the SAARC region. Till date, SEBI has signed 20 bilateral MoUs with a number of countries. India and Bangladesh both are signatories to the multilateral MoU of International Organization of Securities Commissions (IOSCO).