Sebi makes fewer information requests to foreign regulators amid pandemic

There was a drop in the number of information requests that the Securities and Exchange Board of India (Sebi) made to foreign regulators in 2020-21. Incoming requests from foreign regulators also dropped to their lowest since 2012-13.

Regulators seek assistance from their counterparts in a foreign jurisdiction through such requests to help with investigation and enforcement. Such requests are made through a memorandum of understanding (MoU) between regulators. There is also a multilateral memorandum of understanding (MMoU) between members of the global regulatory association, the International Organization of Securities Commissions (IOSCO).

“During 2020-21, a total of 51 requests were received