Union Cabinet
Cabinet approves Bilateral Memorandum of Understanding between Securities and Exchange Board of India and Manitoba Securities Commission, Canada
New Delhi: The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the signing of Bilateral Memorandum of Understanding between Securities and Exchange Board of India and Manitoba Securities Commission, Canada.
The MoU, inter alia, seeks a formal basis for cross-border co-operation in the area of securities regulations, would facilitate mutual assistance, contribute towards efficient performance of supervisory functions, aid in imparting technical domain knowledge and enable effective enforcement of the laws and regulations governing securities markets.
The MoU would also make investors from Manitoba eligible for registration as an FPI with SEBI.
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