Question: Recently, the Union Cabinet gave approval to signing of MoU on mutual cooperation and technical assistance between the Securities and Exchange Board of India (SEBI) and with which the following country’s Capital Market Authority (CMA)?
(a) Saudi Arabia
(b) Egypt
(c) Kuwait
(d) UAE
Answer: (c)
Related Facts:
- On October 11, 2017, the Union Cabinet approved the signing of a Memorandum of Understanding between the Securities and Exchange Board of India (SEBI) and Capital Market Authority (CMA), Kuwait for mutual co-operation and technical assistance.
- The MoU is likely to promote further development of economic links and cooperation between the two regulators.
- It aims at creating conditions for an effective development of securities markets in the two countries.
- It would also contribute towards strengthening the information sharing framework between the two.
- It is expected to add value to overseas mutual cooperation and regulation activities of SEBI and CMA, Kuwait.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=171616
http://pib.nic.in/newsite/PrintHindiRelease.aspx?relid=67615
http://www.pmindia.gov.in/hi/news_updates/%E0%A4%AE%E0%A4%82%E0%A4%A4%E0%A5%8D%E0%A4%B0%E0%A4%BF%E0%A4%AE%E0%A4%82%E0%A4%A1%E0%A4%B2-%E0%A4%A8%E0%A5%87-%E0%A4%B8%E0%A5%87%E0%A4%AC%E0%A5%80-%E0%A4%94%E0%A4%B0-%E0%A4%AA%E0%A5%82%E0%A4%82/