Stocks Observer. com

ISLAMABAD, December 18: 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. The MOU was signed in the backdrop of evolving globally integrated 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. The SECP has been promoting bilateral co-operation with counterpart regulatory authorities of the capital market at the bilateral, regional and international level. The SECP has already established co-operative arrangements through MOUs with the regulatory agencies of India, the Maldives, Australia, Bhutan, Sri Lanka and Iran. The MOU was signed in the presence of Prime Ministers Wen Jiabao and Yousaf Raza Gi