(a) whether the Securities and Exchange Board of India (SEBI) has signed a
Memorandum of Understanding (MoU) with the China Securities Regulatory Commission
(CSRC) on the enhancement of regulatory co-ordination between SEBI and CSRC; and
(b) if so, the details thereof and the benefits likely to be accrued therefrom?
MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI P. K. BANSAL)
(a) Securities and Exchange Board of India has signed bilateral Memorandum of
Understanding (MoU) with the China Securities Regulatory Commission on September 15,
2006 regarding securities and futures regulatory cooperation.
(b) Through this MoU, both the jurisdictions would be able to provide/exchange
information required by each other, necessary for discharging the function under their
respective laws.
This MoU will promote investor protection and integrity of the securities, futures and other
related investment products markets of both the jurisdictions by providing a framework for
cooperation, including channels of communication, increasing mutual understanding and exchange
of regulatory and technical information.