The Reserve Financial institution of India (RBI) on Monday issued a framework for recognition of Self-Regulatory Organisations (SROs) in monetary markets in direction of strengthening compliance tradition among the many SRO members and likewise offering a consultative platform for coverage making.
The framework specifies the broad parameters, akin to goals, duties, eligibility standards, membership, governance requirements and utility course of for the popularity of SROs in monetary markets.
The RBI has requested entities searching for recognition as an SRO in monetary markets to submit their utility by means of e-mail or to the Chief Basic Supervisor, Monetary Markets Regulation Division, Reserve Financial institution of India.
