Sebi inks MoU with Dubai regulatory agency

Written by Agencies | Mumbai | Updated: Oct 28 2009, 23:42pm hrs
Market regulator SEBI today signed a memorandum of understanding (MoU) with Dubai Financial Services Authority (DFSA) for mutual cooperation.

DFSA is the sole independent regulator of all financial and ancillary services conducted through the Dubai International Financial Centre, a 110-acre free zone.

The MoU was signed here by Sebi Chairman C B Bhave and Paul Koster, Chief Executive of DFSA, Sebi said in a release here.

The MoU was signed to establish a general framework for co-operation and consultation and mutual assistance between the regulatory authorities in order to facilitate the fulfilling of their regulatory responsibilities, the release said.