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COMPETITION& CORPORATE GOVERNANCE
Draft Framework for Self-Regulatory Organisations
This article discusses the Reserve Bank of India's (RBI) draft framework for self-regulatory organizations (SROs) in the fintech sector. The framework sets out criteria for SRO recognition, including governance, technology infrastructure, and membership requirements, as well as ongoing obligations towards the RBI. Authors briefly examine in the article the potential impact of SROs on regulatory compliance, innovation, and market stability, and provide certain inputs that may be considered in the final framework.
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