CSSF building;
Luxembourg's Commission de Surveillance du Secteur Financier (CSSF) and the Securities and Exchange Board of India (SEBI) have signed a Memorandum of Understanding (MoU) on mutual cooperation and technical assistance relating to the supervision of securities markets.
The agreement, which took effect on 2 June 2021, covers in particular the exchange of regulatory and technical information, as well as cooperation with regard to supervision and inquiries.
On entering the agreement, Ajay Tyagi, Chairman of SEBI, stated: “With signing of this Memorandum of Understanding, we look forward to a stronger partnership with CSSF leading to enhanced cross-border co-operation and exchange of information for discharge of our regulatory mandates”.
Claude Marx, Director General of the CSSF, added: “We trust that this Memorandum of Understanding provides an important cornerstone for strengthening the relationship between both our authorities and for enhancing cooperation in the areas covered by the memorandum”.
