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Sebi makes fewer information requests to foreign regulators amid pandemic

Incoming requests from foreign regulators also dropped to their lowest since 2012-13

Sebi
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Foreign regulators have made 617 requests since 2011-12, shows Sebi data. The highest number of such requests was 94 in 2013-14

Sachin P Mampatta Mumbai
There was a drop in the number of information requests that the Securities and Exchange Board of India (Sebi) made to foreign regulators in 2020-21. Incoming requests from foreign regulators also dropped to their lowest since 2012-13.

Regulators seek assistance from their counterparts in a foreign jurisdiction through such requests to help with investigation and enforcement. Such requests are made through a memorandum of understanding (MoU) between regulators. There is also a multilateral memorandum of understanding (MMoU) between members of the global regulatory association, the International Organization of Securities Commissions (IOSCO).

“During 2020-21, a total of 51 requests were received

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First Published: Sep 16 2021 | 9:33 AM IST

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