SEBI signs pact with AFSA for mutual co-operation, technical assistance

The SEBI press release said the pact will facilitate mutual assistance, contribute towards efficient performance of the supervisory functions, and enable effective enforcement of laws and regulations governing the securities markets

December 23, 2019 05:12 pm | Updated 05:17 pm IST - New Delhi

Chairman of Securities and Exchange Board of India (SEBI), Ajay Tyagi. File.

Chairman of Securities and Exchange Board of India (SEBI), Ajay Tyagi. File.

Markets regulator SEBI on Monday said it has signed a pact with Kazakhstan’s Astana Financial Services Authority (AFSA) for mutual co-operation and technical assistance.

The objective of the bilateral memorandum of understanding (MoU) is to strengthen cross border co-operation in the area of securities regulation, SEBI said in a press release.

“This will facilitate mutual assistance, contribute towards efficient performance of the supervisory functions, and enable effective enforcement of laws and regulations governing the securities markets,” it added.

The MoU was signed by Chairman of SEBI Ajay Tyagi and the acting chief executive officer of AFSA Mukhtar Bubeyev.

The markets watchdog has signed bilateral MoUs with securities regulators of a number of jurisdictions and is also a signatory to the multilateral MoU of International Organisation of Securities Commissions, Securities and Exchange Board of India said.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.