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The DFSA entered into a Memorandum of Understanding with the Securities and Exchange Board of India (SEBI). Mr Paul Koster, Chief Executive of the DFSA said, “There are already a number of branches of Indian firms operating in the DIFC so this agreement, which reflects the responsibilities of both agencies, will enhance information sharing and co-operation between the DFSA and SEBI as regulators of these firms. As more financial services firms join the DIFC from India, this bi-lateral relationship will assume increasing importance as both regulators rely on the quality of regulatory standards administered in the other’s jurisdiction.”