Sebi signs pact with Manitoba Securities Commission of Canada

New Delhi: Indian financial markets regulator Sebi and the Manitoba Securities Commission (MSC) of Canada have entered into a pact for mutual cooperation, information exchange and technical assistance. The move comes after the Union cabinet last week approved the signing of a memorandum of understanding between the Securities and Exchange Board of India (Sebi) and the Manitoba Securities Commission.

The memorandum of understanding, which entered into force on Wednesday, will strengthen cross-border cooperation in the area of ​​securities regulation, Sebi said in a statement.

This will facilitate mutual assistance, contribute to the effective performance of supervisory functions, facilitate the transmission of technical knowledge in the field and enable effective enforcement of the laws and regulations governing the securities markets.

The signing of this MOU will also make investors based in the Province of Manitoba eligible to obtain registration as Foreign Portfolio Investors (REITs) with Sebi.

The agreement was signed by Sebi Chairman Madhabi Puri Buch and David Cheop, Managing Director and Chairman of MSC.

Sebi has signed bilateral memorandums of understanding with securities regulators in various jurisdictions. It is also a signatory to the Multilateral MoU (MMoU) and the Enhanced MMoU (EMMoU) of the International Organization of Securities Commissions (IOSCO).

Aurora J. William