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SEBI gets nod to sign MoU with Iranian counterpart

Posted By: Doraiah Vundavally June 7, 2017

SEBI gets nod to sign MoU with Iranian counterpartNew Delhi, June 7 (IANS) The Union Cabinet on Wednesday approved a memorandum of understanding (MoU) between the Securities and Exchange Board of India (SEBI) and Iran's Securities and Exchange Organisation (SEO) on mutual cooperation on matters pertaining to securities markets.

The MoU is likely to promote further development of economic links and cooperation between the two regulators, a Ministry of Finance statement later said.

The understanding aims at creating conditions for an effective development of securities markets in both countries.

 

"It would also contribute towards strengthening the information sharing framework between the two countries. It is expected to add value to overseas mutual cooperation and regulation activities of SEBI and SEO, Iran," the statement added.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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SEBI gets nod to sign MoU with Iranian counterpart

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.