COMMUNIQUÉ
High level discussions between the Financial Services Commission (FSC) and the Securities and Exchange Board of India (SEBI)
The Chief Executive of the FSC and his delegation had a meeting with the SEBI on Wednesday 18th July 2018 in Mumbai.
The meeting was held within the framework of the existing MoU between the two regulatory bodies, and was cordial, constructive and fruitful. Both institutions reaffirmed the need for constant engagement and collaboration in regulatory matters between Mauritius and India.
In line with discussions held, FSC received the comfort that SEBI acknowledges all initiatives undertaken by Mauritius to ensure full adherence to best international norms and practices with respect to regulatory oversight and enforcement.
SEBI gave the assurance that it is neither working on, nor contemplating to produce any list at its level, which will identify Mauritius as a High Risk jurisdiction.
SEBI further affirmed that recent media reports are speculative in nature regarding Mauritius and that it has no adverse concerns with respect to the Mauritius jurisdiction.
Both FSC and SEBI have agreed to continue their collaboration and the FSC Representative Office in Mumbai continues to be a key point of contact for SEBI.
Other avenues of collaboration between FSC and SEBI in areas of Financial Technologies and capacity building have equally been discussed.
Financial Services Commission
19 July 2018
2 comments:
Taxlegit provides reliable consultancy for setting up a Representative Office In India, helping foreign companies establish a presence without complex procedures. The firm handles documentation, compliance, and regulatory guidance with clarity. It mainly supports international businesses, startups, and investors planning to explore the Indian market. Taxlegit focuses on practical solutions, making it easier for clients to understand legal requirements and operate smoothly while targeting India’s growing business opportunities.
NGOExperts assists in the registration of non governmental organization with a practical and client-friendly approach. They take care of legal formalities, documentation, and compliance needs efficiently. Their goal is to make the setup process easy and dependable, so individuals can focus on their social work while the legal part is managed properly. 
Post a Comment