On 4 September 2025, the Australian Securities and Investment Commission (ASIC) signed a Memorandum of Understanding (MoU) with the International Financial Services Centres Authority (IFSCA) in Sydney to enhance cooperation arrangements to support closer engagement between Australia and India.
The MoU was signed by ASIC Chair Joe Longo and IFSCA Chair Shri K Rajaraman and witnessed by senior Indian and Australian government officials.
Through the MoU, ASIC and IFSCA expressed their mutual dedication to foster cooperation and build on the aims of the arrangement to facilitate mutual assistance and information sharing between ASIC and IFSCA on areas such as trends and best practice and the use of technology in financial markets, regulatory compliance and the supervision and enforcement requirements of market participants.
ASIC Chair Joe Longo said, ‘This Memorandum of Understanding between our two authorities reinforces our shared values and vision that is future focused and grounded in mutual trust.’
‘In a time of rapid globalisation and digital transformation, regulatory cooperation both domestically and internationally is no longer an option – it is essential.’
‘This engagement demonstrates the dynamic ties between our countries and reinforces the mutual commitment to work closely with each other to support a robust and effective financial services ecosystem in both the jurisdictions,’ IFSCA Chair Shri K Rajaraman emphasised.
The High Commissioner of India to Australia, Mr Gopal Baglay was in attendance as well as senior representatives from the Indian government and DFAT.
