The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for signing of a Memorandum of Understanding (MoU) between Securities and Exchange Board of India (SEBI) and Financial Services Regulatory Authority (FSRA), Abu Dhabi for mutual co-operation and technical assistance between the two regulators.
The MoU will promote further development of economic links and cooperation between the two signatories 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.
