SECP signs MOU with Moroccan counterpart

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and its Moroccan counterpart, Conseil Deontologique des Valeurs Mobilieres (CDVM), have signed an MOU, paving the way for enhanced cooperation and information sharing between them.
On the sidelines of the annual meeting of the International Organization of Securities Commissions (IOSCO) in Beijing, Muhammad Ali, the SECP chairman, and Hassan Boulaknadal, the CDVM DG, signed the agreement, says a statement issued by the Commission here today.
Ther agreement reiterates the two regulators’ commitment to work together in ensuring that securities and commodities markets in the two countries are fair, transparent, efficient and regulated to world standards.
Both the SECP and CDVM are signatory to the IOSCO multilateral MOU, the international standard for information sharing between the securities regulators and this bilateral MOU would supplement the cooperation extended under the umbrella of multilateral MOU.
The MOU has been inked in the backdrop of evolving globally integrated financial markets, necessitating for regulatory agencies of capital markets to develop cooperative linkages to ensure information sharing for enforcement of securities laws and facilitate detection and combat cross-border violations.
The SECP is promoting cooperation with other regulatory authorities of the capital market at the bilateral, regional and international levels.
The SECP has already…
Islamabad News Sources

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Posted by News Pakistan Admin on May 17 2012. Filed under Latest News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry