All regulators of Brics nations must share info, says Sinha

MUMBAI: Waiting to make Brics an attractive investment destination, Sebi chairman UK Sinha on Thursday called for setting up an information-sharing mechanism between

MUMBAI: Waiting to make Brics an attractive investment destination, Sebi chairman UK Sinha on Thursday called for setting up an information-sharing mechanism between the regulators of the five major emerging national economies.

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“All securities market regulators of Brics nations can set up some mechanism to work together and learn from each other’s regulatory development...I think lot of regulatory progress can be made through this which will be mutually beneficial,” Sinha said at a Brics seminar on investment flows.

Sinha said the Securities Exchange Board of India would be happy to share its experience on the latest guidelines for foreign portfolio investors. Sinha said the market regulator’s latest norms for FPIs have streamlined the process to invest in India.

“We will be happy to share our knowledge, our experience with our partner countries (of Brics) on how FPI regulations have fared in this country,” he said.

Sinha said the real estate investment trusts, infrastructure investment trusts and corporate governance were other areas for sharing of knowledge and experience among Brics countries.