Cabinet nod to MoU between SEBI, Abhu Dhabi counterpart

The union cabinet chaired by Prime Minister Narendra Modi on Thursday approved signing of an MoU between Securities and Exchange Board of India (SEBI) and Financial Services Regulatory Authority (FSRA), Abu Dhabi for mutual co-operation and technical assistance.

An official release said the MoU will promote further development of economic links and cooperation between SEBI and FSRA and will help create conditions for development of securities markets in the two countries.

It would also contribute towards strengthening the information sharing framework between the two regulators, it added.

--IANS

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