Sebi increasingly trying to spot global links in many of its investigations

Information sought from foreign counterparts at a multi-year high

The Indian stock market regulator reached out to its counterparts in other countries more often in the last financial year.

There were 29 such requests for the financial year ending March 2020 (FY20) compared to 9 such requests in FY19. The data is part of the Securities and Exchange Board of India’s (Sebi’s) annual report, made public earlier this month. There was a similar increase in the number of requests that foreign regulators made. They rose from 52 in FY19 to 63 in FY20.

The requests are made under an agreement called the Multilateral Memorandum of Understanding Concerning Consultation and