MUMBAI, Jan. 30 -- India's market regulator Securities and Exchange Board of India (Sebi) and Gift City regulator International Financial Services Centres Authority (IFSCA) are aiming to sign information-sharing agreements with Europe's securities watchdog within the next 60 days, a step that could allow five Indian clearing houses to seek re-recognition by the European Union, two people aware of the discussions told Mint.

The move follows the European Union's financial markets regulator European Securities and Markets Authority (ESMA) signing an agreement with the Reserve Bank of India (RBI) on 27 January on information sharing. While Sebi will soon announce its deal with ESMA, IFSCA expects its pact to be finalized within one to two mo...