The market regulator and the UK central bank have agreed a framework for sharing information on Indian clearing corporations that serve international participants.

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• The Securities and Exchange Board of India signed a Memorandum of Understanding with the Bank of England on October 28, 2026.
• The MoU improves cooperation and information sharing on clearing corporations recognised by SEBI.
• It aims to strengthen cross-border regulatory cooperation and facilitate safe international clearing operations.
• The agreement also seeks to safeguard the United Kingdom's financial stability.
• It sets up a framework for cooperation on Central Counterparties.
• Under it, the Bank of England can rely on SEBI's regulatory and supervisory activities, subject to applicable laws and regulations.
• In India, clearing corporations are regulated by SEBI under the Securities Contracts (Regulation) Act, 1956 and the SEBI (Stock Exchanges and Clearing Corporations) Regulations, 2018.
• Clearing corporations act as central counterparties, ensuring trade settlement and reducing the risk of default between buyers and sellers.