Who: SEBI and CNV
What: MoU between SEBI and CNV
When: 16 September 2013
Securities and Exchange Board of India (SEBI) on 16 September 2013 signed a bilateral Memorandum of Understanding (MoU) with the Comisión Nacional de Valores, (CNV) Argentina to promote mutual assistance and exchange information related to securities markets in both the countries.
The MoU was signed by U.K. Sinha, Chairman, SEBI and Alejandro Vanoli, Chairman, Comisión Nacional de Valores, Argentina during the 38th IOSCO annual conference being held in Luxembourg.
The MoU between SEBI and CNV seeks to promote mutual assistance and exchange of information with a view to facilitate the development of deeper and broader capital market, enhance greater cross-border activities and attain closer regulatory co-operation between two jurisdictions in a mutually beneficial manner.
The MoU also seeks to establish and implement technical assistance and training program, for an effective development of regulatory framework for securities markets in the two jurisdictions.
Comisión Nacional de Valores, (National Securities Commission) (CNV) is an independent agency of Argentina with jurisdiction throughout the Republic.
CNV aimed to provide the public offer by ensuring the transparency of markets and the correct formation of prices in them, and the protection of investors. CNV's action is projected on companies issuing securities to be publicly placed on secondary markets and securities intermediaries in these markets. CNV's action also projected on the public offering of forward contracts, futures and options on their markets and clearing houses, and their intermediaries.
Related Current Affairs: