"We are working together on various things. We pass on our best practices and experiences," Shermon Boone, assistant director, SEC office of International Affairs said, while taking part in an international conference on transparent governance via videoconference from US.

"We have a very robust training system facility here and are looking at drafting laws and regulations as well as providing training," he said at the conference organised by Indian merchant chambers.

Emphasising that the aim is to raise standards among securities regulators, Boone said: "We do not try to replicate SEC around the globe, but we think we have considerable experience which we are happy to share."