As per media reports, the Securities and Exchange Board of India (SEBI) plans on 'passporting', a regulatory mechanism allowing Indian mutual fund schemes to be sold in other Asian countries, without requiring exclusive regulatory approvals from the countries in question. SEBI, along with the International Organization of Securities Commissions and Asian regulators, is working to make this plan successful. While Indian mutual funds could benefit from the move, schemes of these countries will also be permitted to be sold in India.