The Reserve Bank has placed on its website, a ‘Draft Omnibus Framework for recognizing Self-Regulatory Organizations for Regulated Entities’. The draft omnibus framework contains broad parameters applicable to any Self-Regulatory Organization (SRO) viz., objectives, responsibilities, eligibility criteria, governance standards, application process and other basic conditions for grant of recognition to the SRO.
Comments/ feedback from the stakeholders and members of the public on the above draft omnibus framework may be submitted by January 25, 2024, through e-mail.
