Kerala High Court: ED Can Investigate Without FIR in Scheduled Offence Cases (CMRL Matter)  ||  Delhi High Court Upholds TRAI Rule Capping TV Advertisements at 12 Minutes Per Hour  ||  Supreme Court Directs High Courts to Deliver Judgments in 3 Months and Bail Orders in One Day  ||  Supreme Court: Successful Resolution Applicant Cannot Negotiate Further After CoC Approval  ||  Supreme Court: Succession Law Applies, Not Primogeniture, to Ex-Royal’s Private Estate Inheritance  ||  Supreme Court: Writ Jurisdiction Cannot Challenge Arbitrator’s Section 16 Decision  ||  Supreme Court: Sanyasi Status Cannot Be Ground to Reject Land Compensation Claim  ||  Supreme Court: Section 33(1)(a) of Arbitration Act Cannot Alter Nature of Interest in Award  ||  Supreme Court: Society Office Bearers Not Liable for Cheque Dishonour Without Active Business Role  ||  Supreme Court: Asking a Woman to Adjust in Marriage Does Not Amount to Cruelty By In-Laws    

Cabinet approves Bilateral Memorandum of Understanding between Securities and Exchange Board of India and Manitoba Securities Commission, Canada- (Press Information Bureau) (13 Apr 2022)

MANU/PIBU/1869/2022

Capital Market

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of Bilateral Memorandum of Understanding between Securities and Exchange Board of India and Manitoba Securities Commission, Canada.

Benefits:

The MoU, inter alia, seeks a formal basis for cross-border co-operation in the area of securities regulations, would facilitate mutual assistance, contribute towards efficient performance of supervisory functions, aid in imparting technical domain knowledge and enable effective enforcement of the laws and regulations governing securities markets.

The MoU would also make investors from Manitoba eligible for registration as an FPI with SEBI.

Impact:

Entities located in the province of Manitoba, Canada are desirous of registration as Foreign Portfolio Investor (FPI) with SEBI, for which one of the pre-conditions is that the securities market regulator of a foreign country / province should be a signatory to the International Organization of Securities Commissions' Multilateral memorandum of Understanding (IOSCO MMoU), signing a bilateral MoU with SEBI is essential for permitting entities from Manitoba to be registered as FPI with SEBI. Around twenty Manitoba-=domiciled FPIs with total Assets Under Custody of Rs. 2,665 crore are expected to benefit by signing of this bilateral MoU and would be eligible to continue investing in the Indian markets.

Tags : MOU   APPROVAL   SEBI  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved