SEBI signs Enhanced Multilateral MoU of ‘International Organization of Securities Commissions’
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- Last Updated on 27 December, 2021
Press Release PR No.37/2021 Dated: 23.12.2021
SEBI has signed the Enhanced Multilateral Memorandum of Understanding (EMMoU) of the International Organization of Securities Commissions (IOSCO) on December 22, 2021. EMMoU was introduced by IOSCO to expand the range of enforcement powers that signatories may use to safeguard the integrity and stability of markets, protect investors and deter misconduct and fraud.
There has been a significant increase in globalization and interconnectedness of financial markets, as well as advancements in technology that have changed the way the securities markets operate which have also given rise to new enforcement challenges. The EMMoU signatories, by availing themselves of advanced level of assistance and by continuing to provide each other with the fullest cooperation permissible, are expected to increase the effectiveness of their investigations and the enforcement of their jurisdiction’s laws and regulations.
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