RBI Invites Applications for Recognition of Self-Regulatory Organisations in Financial Markets

The Reserve Bank of India (RBI) has issued a framework for the recognition of Self-Regulatory Organisations (SROs) in financial markets, highlighting their potential role in strengthening compliance culture among members and providing a consultative platform for policy-making.

The framework builds on the Omnibus Framework for Recognition of Self-Regulatory Organisations for Regulated Entities issued on March 21, 2024. It outlines the broad parameters for recognition, including objectives, responsibilities, eligibility criteria, membership, governance standards, and the application process.

Entities interested in obtaining recognition as an SRO in financial markets can submit their applications via email or directly to the Chief General Manager, Financial Markets Regulation Department, RBI, Central Office, 9th Floor, Shahid Bhagat Singh Marg, Mumbai – 400001.

[RBI]