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
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 before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
- 1 Krishi-Decision Support System
- 2 AI-based National Pest Surveillance System
- 3 Implementation Challenges of the PM KUSUM Scheme
- 4 MoU to Enhance Cooperative Management in Fisheries
- 5 Open Market Sale Scheme (Domestic)
- 6 Expansion of Agricultural Infrastructure Fund Scheme
- 7 Scheme for Trading and Settlement of Sovereign Green Bonds in IFSC
- 8 Unified Lending Interface
- 9 Yen Carry Trade
- 10 Foreign Exchange Management (Fourth Amendment) Rules, 2024
- 11 Development of New Industrial Cities under NICDP
