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Cabinet nod for MoU between SEBI, Capital Markets Authority of Kuwait

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The Union Cabinet yesterday gave its approval for the signing of a memorandum of understanding (MoU) by Securities and Exchange Board of India (SEBI) with Capital Markets Authority (CMA), Kuwait for mutual co-operation and technical assistance. 
 
The MoU is likely to promote further development of economic links and cooperation between the two regulators, and aims at creating conditions for an effective development of securities markets in the two countries, an official press release said.
 
It would also contribute towards strengthening the information sharing framework between the two. It is expected to add value to overseas mutual cooperation and regulation activities of SEBI and CMA, Kuwait, the release added.
 
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