<p>India's capital markets watchdog Sebi received as many as 94 requests from overseas securities regulators for information during 2013-14 -- more than double of what it had got in each of the two preceding fiscal years.<br /><br /></p>.<p>The Securities and Exchange Board of India (Sebi) had received 40 requests from foreign peers in 2012-13, while it had got 37 requests in 2011-12, as per the market regulator's latest annual report.<br /><br />At the same time, Sebi had made 17 requests to capital markets regulators in other countries for information in 2013-14 as against 9 requests in the previous financial year. This is the highest number of requests sent out by the Indian market watchdog since 2011-12.<br /><br />The capital market regulator had sent out 9 requests each for regulatory assistance in 2011-12 and 2012-13 to foreign securities market watchdogs.<br /><br />Sebi has in place a robust system for information sharing and coordination with foreign regulators to nab manipulators and fraudsters operating across boundaries in a globalised world.<br /><br />In 2003, Sebi had signed the International Organisation of Securities Commissions (IOSCO) multi-lateral memorandum of understanding (MMoU) for mutual assistance on enforcement and compliance of regulations with several countries including Securities Exchange Commission of US.<br /><br />One of the IOSCO principles require the regulators to establish information sharing mechanisms, which set out when and how they will share both public and non-public information with their domestic and foreign counterparts.<br /><br />"As a crucial part of its commitment towards the IOSCO MMoU concerning consultation and cooperation and the exchange of information, to which Sebi has been a signatory since April 2003, Sebi provides cooperation and facilitates exchange in other jurisdictions," the market regulator said in the report.</p>
<p>India's capital markets watchdog Sebi received as many as 94 requests from overseas securities regulators for information during 2013-14 -- more than double of what it had got in each of the two preceding fiscal years.<br /><br /></p>.<p>The Securities and Exchange Board of India (Sebi) had received 40 requests from foreign peers in 2012-13, while it had got 37 requests in 2011-12, as per the market regulator's latest annual report.<br /><br />At the same time, Sebi had made 17 requests to capital markets regulators in other countries for information in 2013-14 as against 9 requests in the previous financial year. This is the highest number of requests sent out by the Indian market watchdog since 2011-12.<br /><br />The capital market regulator had sent out 9 requests each for regulatory assistance in 2011-12 and 2012-13 to foreign securities market watchdogs.<br /><br />Sebi has in place a robust system for information sharing and coordination with foreign regulators to nab manipulators and fraudsters operating across boundaries in a globalised world.<br /><br />In 2003, Sebi had signed the International Organisation of Securities Commissions (IOSCO) multi-lateral memorandum of understanding (MMoU) for mutual assistance on enforcement and compliance of regulations with several countries including Securities Exchange Commission of US.<br /><br />One of the IOSCO principles require the regulators to establish information sharing mechanisms, which set out when and how they will share both public and non-public information with their domestic and foreign counterparts.<br /><br />"As a crucial part of its commitment towards the IOSCO MMoU concerning consultation and cooperation and the exchange of information, to which Sebi has been a signatory since April 2003, Sebi provides cooperation and facilitates exchange in other jurisdictions," the market regulator said in the report.</p>