Tuesday, January 8, 2008
The SEC and the Securities and Exchange Board of India (SEBI) today announced terms for increased cooperation and collaboration. SEC Chairman Christopher Cox and SEBI Chairman M. Damodaran elaborated the terms establishing the structure of, and agenda for, an SEC-SEBI dialogue. This new dialogue has three main objectives:
Identify and discuss regulatory issues of common concern
Continue and expand upon the existing program of capacity-building and technical cooperation between the SEC and the SEBI
Improve cooperation and the exchange of information in cross-border securities enforcement matters
The dialogue will be composed of regular meetings and ad hoc information exchange at the staff level and between high-level representatives of the SEC and SEBI.