Sebi, Bangla regulator sign pact over co-operation

Mumbai: The Securities and Exchange Board of India (Sebi) on Sunday signed a memorandum of understanding (MoU) with the Bangladesh Securities and Exchange Commission (BSEC) on co-operation and technical assistance.

The MoU was signed by the chairmen of the two bodies in the presence of Sheikh Hasina Wazed, prime minister of Bangladesh.

“The MoU will create an opportunity for strengthening the Bangladesh capital market, utilising the experience of Sebi,” said Hasina. The MoU is aimed at promoting economic links, enhancing investor protection, and development of capital markets. Sebi has so far signed MoUs with 21 nations.

“Sebi has been actively engaging with the securities market regulators in the South Asian Association for Regional Cooperation region. Continuing co-operation between Sebi and BSEC, the MoU will further ease the training and technical assistance programme between the two jurisdictions,” said Sebi chief U K Sinha.

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