Cabinet approves pact between SEBI and Abu Dhabi

Q.  Cabinet has approved a pact between SEBI and which country on May 12th 2016?
- Published on 13 May 16

a. Abu Dhabi
b. Bahrain
c. Saudi Arabia
d. Iran

ANSWER: Abu Dhabi
 
The Union Cabinet approved the signing of a pact between SEBI and Financial Services Regulatory Authority, Abu Dhabi for mutual cooperation and technical assistance
  • The SEBI pact will promote development of economic links and cooperation between he tow signatories
  • Securities and Exchange Board of India (SEBI) has signed bilateral pacts with a number of countries.
  • Besides, it is a signatory to global market regulators' grouping IOSCO's MoU (Multilateral Memorandum of Understanding).

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