SECP and CSRC vow to strengthen regulatory cooperation

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ISLAMABAD – The Securities and Exchange Commission of Pakistan (SECP) and the China Securities Regulatory Commission (CSRC) have signed a memorandum of understanding (MOU) to further enhance regulatory cooperation and information sharing between the two regulatory agencies.
SECP Commissioner Tahir Mahmood in a statement stated, “the MOU is aimed at supporting the national economy and minimising risk that is implicit in financial market transactions. The expanding securities market requires active cooperation among the regulatory bodies for adequate protection of investor rights and the MOU is a step towards fostering strong cooperation between the SECP and the CSRC.”
The MOU was signed in the backdrop of the continuing integration of global financial markets, necessitating for regulatory agencies of capital markets to develop cooperative linkages to ensure information sharing for enforcement of securities laws and facilitate detection and combat cross-border violations.