SEBI signs MoU with market regulator (FFMS) of Russia


Securities and Exchange Board of India (SEBI), on December 05, 2008 signed a bilateral Memorandum of Understanding (MoU) with Federal Financial Markets Service of Russian Federation (FFMS), Russia on mutual cooperation and information sharing.

The MoU was signed to establish a general framework for cooperation and consultation and mutual assistance between the regulatory authorities, in order to fulfilling of their regulatory responsibilities.

Including this MoU, SEBI has signed bilateral MoUs with 16 jurisdictions and a Letter of Intent for mutual cooperation with Securities and Futures Commission, Hong Kong.

The Memorandum of Understanding was signed by Mr. C. B. Bhave, Chairman, SEBI and Mr. Vladimir Milovidov, Head, FFMS, Russia in the presence of the Prime Minister, Dr. Manmohan Singh and the President of Russian Federation, H. E. Mr. Dmitry Medvedev in New Delhi.

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