The Securities and Exchange Board of India (SEBI) and the Bank of England have signed a memorandum of understanding on cooperation and information exchange concerning clearing corporations recognised by SEBI, establishing a framework for the Bank of England to rely on SEBI’s regulatory and supervisory activities concerning central counterparties in accordance with their respective laws and regulations while safeguarding UK financial stability.
Securities and Exchange Board of India signs cooperation agreement with Bank of England on clearing corporations
The Securities and Exchange Board of India and the Bank of England have signed an agreement covering cooperation and information exchange on clearing corporations recognised by the Indian regulator, providing a framework for the UK central bank to rely on its supervision while safeguarding UK financial stability.