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SEBI Met the Officials of the SEO

A high-level delegation from the Securities and Exchange Boards of India (SEBI) had a visit to Tehran to meet with the SEO and a couple of other entities

A high-level delegation from the Securities and Exchange Boards of India (SEBI) had a visit to Tehran to meet with the SEO and a couple of other entities, on November 13, 2016.
Mr. Upendra Kumar Sinha, SEBI Chairman, headed a delegation from the SEBI to have meetings with the officials from the SEO and other capital market entities. At the beginning of the meeting, Dr. Mohammadi SEO Chairman, pointed at the background of the mutual cooperation between the two countries. He also touched on the areas where both markets can, to mutual interests, cooperate with each other.
Mr. Sinha proposed signing a bilateral MOU between the SEO and SEBI so that the capital markets of Iran and India get linked to each other and as a result, other entities can work jointly much faster and more smoothly. The domains suggested for further steps include technical infrastructure development, standards harmonization, exchange of know-how and expertise and so on.
Dr. Mohammadi also proposed that the SEBI and SEO form a joint task force comprising of the experts from both markets so that both parties enjoy a better exchange of expertise for furthering the agreed- upon programs.
Furthermore, in the meeting in the SEO, the Ambassador of India to Iran, Mr. Saurabh Kumar, also expressed his full support and readiness for easing and facilitating the path for the two authorities to successfully work together.
Dr. Mohammadi also went over some areas where the SEO and some other capital market entities have been working hard to achieve some tangible results including the SEO’s intention to become an ordinary member of IOSCO and the TSE, IME, and IFB to become ordinary members in WFE. The Indian side agreed to collaborate with the Iranian side in this area, too.
Both parties, in the end, suggested working on some developments in a couple of fields such as AML, internationalization of markets, commodity exchanges, technical assistance, training programs, corporate governance, regulation of CIS, clearing & settlement, and so on.