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    Question

    In pursuit of its vision to become an international financial centre of global stature, IFSCA has continuously engaged in deliberations with many globally prominent financial authorities and standard-setting bodies. It has signed Multilateral MoUs (MMoU) with which of the following to get recognition?

    A International Organization of Securities Commissions (IOSCO) Correct Answer Incorrect Answer
    B International Association of Insurance Supervisors (IAIS) Correct Answer Incorrect Answer
    C Bank for International Settlements Correct Answer Incorrect Answer
    D a & b Correct Answer Incorrect Answer
    E b & c Correct Answer Incorrect Answer

    Solution

    In pursuit of its vision to become an international financial centre of global stature, IFSCA has continuously engaged in deliberations with many globally prominent financial authorities and standard-setting bodies. To date, the Union Cabinet has approved the signing of 2 Multilateral MoUs (MMoU) and 7 Bilateral MoUs (BMoUs) by IFSCA to deepen cooperation with foreign regulators and aid the mutual exchange of information for the development of financial products and services in GIFT-IFSC. Multilateral Memorandum of Understanding (MMoU) o International Organization of Securities Commissions (IOSCO) o International Association of Insurance Supervisors (IAIS) Bilateral Memorandum of Understanding (BMoU) o Dubai Financial Services Authority (DFSA) o Qatar Financial Services Authority (QFCA) o Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) o Autorite Des Marches Financiers of France (AMF) o Commission De Surveillance Du Secteur Financier (CSSF) Luxembourg o Finansinspektionen (FI) Sweden. Monetary Authority of Singapore (MAS)

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