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ARTICLE · 21 JUNE 2024

Framework For Self-Regulatory Organisations In The Fintech Sector

Obhan Mason
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The Reserve Bank of India (RBI) has recently released a robust and intricate framework for the establishment and functioning of self-regulatory organisations (SROs) in the fintech sector (SRO-FT)...

IndiaTechnology
Ashima Obhan
Ashima Obhan
Akanksha Dua
Akanksha Dua
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The Reserve Bank of India (RBI) has recently released a robust and intricate framework for the establishment and functioning of self-regulatory organisations (SROs) in  the fintech sector (SRO-FT), aimed at fostering a balanced environment that promotes innovation while ensuring compliance with regulatory standards. The said framework delineates the characteristics, operations, eligibility criteria, functions, responsibilities, governance, and management of the SRO-FT. The framework emphasizes on the transformative impact of technological innovations on the financial services landscape, positioning fintech entities as pivotal players in this evolution. It also outlines the necessity of regulating the rapidly evolving fintech sector.

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