SEBI to sign bilateral MoU with CSSF Luxembourg to strengthen cross border cooperation in the area of securities regulations and facilitate mutual assistance, contribute towards efficient performance of the supervisory functions aid in imparting technical domain knowledge and enable effective enforcement of the laws and regulations governing the securities markets of India and Luxembourg. 

Union cabinet chaired by Prime Minister Narendra Modi has given its approval for the proposal of Securities & Exchange Board of India (SEBI) to sign a bilateral Memorandum of Understanding (MOU) between Securities and Exchange Board of India and Financial and Commission de Surveillance du Secteur Financier (CSSF), Luxembourg. CSSF is a co-signatory to International Organization of Securities Commissions' Multilateral MOU (IOSCO MMoU). The proposed bilateral MoU also helps in establishing a technical assistance programme that would benefit the Authorities by way of consultations on matters relating to capital markets, capacity building activities and training programmes for the staff. 

The Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg is a public law entity, with administrative and financial autonomy, established on 23rd December 1998. The CSSF is the competent authority for the prudential supervision of the entire Luxembourg financial centre, except for the insurance sector. The CSSF is also legally responsible for the regulation and supervision of the securities market.

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