RBI withdraws obsolete regulatory circulars on recommendations of the ‘Regulations Review Authority 2.0’

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  • Last Updated on 18 November, 2021

RBI withdraws obsolete regulatory circulars; RBI Regulations Review Authority

CIRCULAR NO.RBI/2021-2022/127 CO.DPSS.OVRST.NO.S929/06-08-001/2021-2022, Dated 16.11.2021

The Reserve Bank of India had set up a Regulations Review Authority (RRA 2.0) with the objective to review the regulatory instructions, remove redundant and duplicate instructions, reduce the compliance burden on Regulated Entities (REs) by streamlining reporting structure. In view of this, upon recommendation of the review authority, the RBI has decided to withdraw more than 100 circulars and regulations.

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