The National Stock Exchange (NSE) and the BSE have applied for registration with European Securities Market Authority (ESMA), capital market regulator for the EU region, sources said without specifying further details.
Securities and Exchange Board of India (SEBI) recently finalised information sharing and regulatory co-operation MoUs with 31 EU regulators at the initiative of the ESMA, as part of the European Union’s Alternative Investment Fund Managers Directive. ESMA fosters supervisory convergence among securities regulators and across financial sectors.
The 31 regulators with whom SEBI has signed MoUs include those from Germany, France, Spain, Italy, Luxembourg, Denmark, the U.K., and Belgium.
