Securities and Exchange Board of India (SEBI) and Bangladesh Securities and Exchange Commission (BSEC) have signed an MoU on bilateral cooperation and technical assistance. The MoU seeks to promote further development of economic links and cooperation between the two neighbouring countries. It also aims at enhancing investor protection and creating conditions for effective development of securities markets in both countries. The MoU was signed by SEBI chairman U K Sinha and BSEC Chairman M Khairul Hossain in the presence of Prime Minister of Bangladesh Sheikh Hasina Wazed.

So far, the equities and commodities market regulator SEBI has signed 20 such bilateral MoUs with other countries.

SEBI

• The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India.
• It was established in the year 1988 and given statutory powers on 12 April 1992 through the SEBI Act, 1992.
• Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived authority from the Capital Issues (Control) Act, 1947.
• The Forward Markets Commission (FMC) was merged with Securities and Exchange Board of India (Sebi) in September 2015.

Try This…

Who is the present Chairman of SEBI?