New Delhi, Jul 27 (PTI) Capital market regulator Sebi announced on Wednesday that it has entered into a pact with the Mongolian Financial Regulatory Commission for mutual cooperation and technical assistance in the area of ​​securities market rules.

The objective of the Memorandum of Understanding (MoU) is to enhance cross-border cooperation in the field of securities regulation, the Securities and Exchange Board of India (Sebi) said in a statement.

Read also | Discord voice chat is now available for Xbox beta testers.

The pact will facilitate mutual assistance, contribute to the effective performance of supervisory functions, assist in the sharing of technical knowledge in the field and enable effective enforcement of laws and regulations governing securities markets, he added. .

Sebi has signed bilateral memorandums of understanding with securities regulators in various jurisdictions. It is also a signatory to the Multilateral Memorandum of Understanding and the Enhanced Multilateral Memorandum of Understanding of the International Organization of Securities Commissions.

Read also | Tecno Spark 9T India launching tomorrow; Price, features and specifications expected.

(This is an unedited and auto-generated story from syndicated newsfeed, LatestLY staff may not have edited or edited the body of the content)