The Securities and Exchange Board of India (SEBI) and the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) have signed a Memorandum of Understanding on mutual cooperation and technical assistance relating to the supervision of securities markets. The agreement covers in particular the exchange of regulatory and technical information, as well as cooperation as regards supervision and inquiries. The Memorandum took effect on 2 June 2021.
On entering the agreement, Mr. Ajay Tyagi, Chairman of SEBI, stated that “With signing of this Memorandum of Understanding, we look forward to a stronger partnership with CSSF leading to enhanced cross-border co-operation and exchange of information for discharge of our regulatory mandates.”
Mr Claude Marx, Director General of the CSSF, said: “We trust that this Memorandum of Understanding provides an important cornerstone for strengthening the relationship between both our authorities and for enhancing cooperation in the areas covered by the memorandum.”
This news item was originally published by the Commission de Surveillance du Secteur Financier (CSSF LU). For more information, please see the Source Link.