The Dubai Financial Services Authority entered yesterday into a memorandum of understanding with the Securities and Exchange Board of India.
The MoU was signed on behalf of the DFSA by chief executive, Paul Koster, and Shri CB Bhave, chairman of SEBI, on the eve of a Dubai International Financial Centre seminar entitled, 'The India-UAE Partnership: Investments, Opportunities and Synergies'.
The seminar was held in Mumbai on Thursday October 29, led by the governor of the DIFC and vice chairman of the UAE Central Bank HE Omar Bin Sulaiman, and Union cabinet ministers, their excellencies Vayalar Ravi and Kamal Nath.
The Securities and Exchange Board of India was established in 1992 to regulate the securities markets in India, to protect the interest of the investors and to promote the development of, and to regulate the securities market.
Paul Koster, chief executive of the DFSA said: "As the supervisor of one of the largest capital markets in the world, SEBI is an active
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