India's International Financial Services Centres Authority (IFSCA) and the Australian Securities and Investments Commission (ASIC) have entered into a Memorandum of Understanding to strengthen inter-regulatory cooperation and collaborate in areas of mutual interest across their respective financial services ecosystems. The MoU is intended to facilitate mutual assistance and information sharing on regulatory trends and best practices, including the regulation of financial markets and the use of technology. It also provides for timely exchange of information on important financial services events and on market participants’ regulatory compliance, supervision and enforcement requirements, and was exchanged by the agencies’ chairpersons at ASIC’s premises in Sydney.