Framework for Recognition of Self-Regulatory Organisations
On 19th August, 2024, the Reserve Bank of India (RBI) issued a framework for recognition of Self-Regulatory Organisations (SROs) in financial markets.
- The framework is based on the 'Omnibus Framework for recognising SROs for Regulated Entities', issued by the RBI on March 21, 2024, with "necessary amendments to reflect the specificities and characteristics of SROs for financial markets".
Rationale
- The framework was introduced given the potential role of SROs in strengthening compliance culture among their members and also providing a consultative platform for policy-making.
About the Framework
Eligibility Criteria
- The SROs are to be set up as a not-for-profit company ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 New Maritime Digital Initiatives: Powering Maritime Efficiency
- 2 Financial Stability Report
- 3 SEBI Tightens Timelines for Rebalancing Mutual Fund Portfolios
- 4 RBI Relaxes PSL Norms for Small Finance Banks
- 5 Statistical Report on Agriculture and Allied Sectors
- 6 Rapid Expansion of India's Startup Ecosystem
- 7 RBI Introduces STRIPS in State Government Securities
- 8 Sagarmala Finance Corporation Limited: India’s First Maritime NBFC
- 9 India’s First International Agri Hackathon
- 10 Viksit Krishi Sankalp Abhiyan
