US Capital market regulator Securities Exchange Commission (SEC) and Indian Capital market regulator Securities & Exchange board of India (SEBI) are in exchange of dialogues to increased cooperation among both. There main focus of the dialogues :
* Identifying and discussing regulatory issues of common concern;
* continuing and expanding the existing program of capacity-building and technical cooperation between the SEC and the SEBI; and
* improving cooperation and the exchange of information in cross-border securities enforcement.
The dialogue will be composed of regular meetings and ad hoc information exchange at the staff level and between high-level representatives of the SEC and SEBI. Several topics have been identified for discussion for the dialogue over the coming year: oversight of dually regulated entities, regulatory and compliance issues relating to outsourcing, accounting and auditing standards, and corporate governance standards and internal controls, among other things.
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