A Memorandum of Understanding (MOU) was signed between the Office of Ombudsperson for Financial Services and the Competition Commission on 25 May 2022 by Dr. Mitrajeet Dhaneshwar Maraye, Ombudsperson for Financial Services and Mr. Deshmuk Kowlessur, Executive Director, Competition Commission.

The MoU establishes a formal basis of cooperation between the two organisations, with the ultimate aim of protecting the financial services industry.