RBI introduces framework for Self-Regulatory Organisations (SROs) in financial markets.

The Reserve Bank of India (RBI) has unveiled a framework for recognising Self-Regulatory Organisations (SROs) in the financial markets. The primary purpose of these SROs is to enhance compliance culture, act as a consultative forum for policy-making, and develop industry standards and best practices. RBI asserts that SROs will complement the country's legislative and regulatory framework, not act as a substitute, and will work closely with the RBI to ensure better compliance with regulatory guidelines.

August 19, 2024
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