SEBI and BoE enter MoU to stregthen regulatory cooperation

The Securities and Exchange Board of India (SEBI) and the Bank of England (BoE) have formalized a memorandum of understanding (MoU) to reinforce collaboration and the sharing of information pertaining to clearing corporations recognized by the Indian regulatory body. Under the accord, the two authorities will collaborate concerning central counterparties, consistent with their respective legal and regulatory frameworks. SEBI stated that the MoU will allow the Bank of England to depend on SEBI’s supervisory and regulatory functions while maintaining the UK’s financial stability. The agreement highlights the significance of international regulatory coordination in supporting cross-border clearing operations.