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Cabinet approves Bilateral Memorandum of Understanding between Securities and Exchange Board of India and Manitoba Securities Commission, Canada

Newdelhi:13/4/22:The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of Bilateral Memorandum of Understanding between Securities and Exchange Board of India and Manitoba Securities Commission, Canada.

Benefits:

  • The MoU, inter alia, seeks a formal basis for cross-border cooperation in the area of securities regulations, would facilitate mutual assistance, contribute towards the efficient performance of supervisory functions, aid in imparting technical domain knowledge and enable effective enforcement of the laws and regulations governing securities markets.
  • The MoU would also make investors from Manitoba eligible for registration as an FPI with SEBI.

Impact:      

Entities located in the province of Manitoba, Canada are desirous of registration as Foreign Portfolio Investor (FPI) with SEBI, for which one of the pre-conditions is that the securities market regulator of a foreign country/province should be a signatory to the International Organization of Securities Commissions’ Multilateral Memorandum of Understanding (IOSCO MMoU), signing a bilateral MoU with SEBI is essential for permitting entities from Manitoba to be registered as FPI with SEBI.  Around twenty Manitoba-=domiciled FPIs with total Assets Under Custody of Rs.2,665 crore are expected to benefit from the signing of this bilateral MoU and would be eligible to continue investing in the Indian markets.New Delhi:

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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