The India International Financial Services Centres Authority (IFSCA) and the United Kingdom’s Financial Conduct Authority (FCA) have signed and operationalised an Exchange of Letters to formalise regulatory cooperation in identified areas of mutual interest. The arrangement is intended to support information sharing on regulatory developments affecting financial products, financial services and financial institutions in each jurisdiction, as well as on broader regulatory and supervisory frameworks and initiatives, including the exchange of best practices. It also covers information sharing on the application of technologies and innovations in financial markets, including financial technology and regulatory technology.

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