Date:08/02/2008 URL: http://www.thehindu.com/2008/02/08/stories/2008020859382100.htm

Business

SEBI in pact with French market regulator

Special Correspondent

MUMBAI: The Securities and Exchange Board of India (SEBI) and Autorite des Marches Financiers (AMF), France,on Thursday announced terms of cooperation and collaboration with a view to promoting fair, efficient and transparentcapital markets in India and France.

This announcement of terms of a regulatory dialogue for cooperation with the AMF of France comes close on the heels of a similar arrangement that SEBI had entered into with the US SEC in early January.

The Chairs of the AMF France and the US SEC are the Chairman and Vice Chairman, respectively, of the Technical Committee of the International Organisation of Securities Commissions (IOSCO), while SEBI Chairman M. Damodaran is the Chairman of the Emerging Markets Committee.

“The collaboration between the two authorities would include, promoting mutual regulatory understanding and exchange of information as well as an annual cooperation programme,” says SEBI release.