When: March 23, 2007
Where: Mumbai, India
The Securities and Exchange Commission today announced the completion of its first-ever foreign regulator training program focused primarily on regulating and examining investment companies and investment advisors. The four-day program in Mumbai, India was attended by more than 60 officials from the Securities and Exchange Board of India (SEBI) and securities exchanges and securities depositories in India.
The Mumbai program was conducted through the Commission's technical assistance and training program and was co-sponsored by the U.S. Agency for International Development/India Mission, which funded the program.
M. Damodaran, Chairman, Securities and Exchange Board of India, said, "SEBI is a relatively young regulator compared to the U.S. SEC and looks forward to benefiting from the considerable experience and expertise that the U.S. SEC has gained over the years -- especially in matters relating to regulatory oversight, monitoring and examining of investment advisers and investment companies."
See full Press Release.
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