RBI Floats Draft Framework for Recognising Self-Regulatory Organisations for FinTech Sector
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- By Chetan Kulasri
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- Last Updated on 16 January, 2024
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RBI Press Release: 2023-2024/1677 dated 15/01/2024
RBI with a view to prefer a self-regulation approach within the FinTech sector for achieving the desired balance has come out with the draft framework for recognising Self-Regulatory Organisations (SRO) for FinTech Sector. The draft framework defines the characteristics, operations, eligibility and Membership of FinTech SRO along with the governance and management framework. stakeholders and members may submit their comments/feedback on the draft framework by Feb end through e-mail.
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