Download or read book Taxmann s Analysis Fintech Self Regulatory Organizations SROs and RBI A Regulatory Symbiosis in the Digital Age written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-01-17 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: The draft framework issued by the Reserve Bank of India (RBI) discusses the specifics of the FinTech Self-Regulatory Organization (SRO-FT). This document elaborates on its management structure, membership criteria, and collaborative efforts with regulatory authorities. Its primary goal is to establish a secure and robust digital financial environment, fostering principles of fairness, transparency, and innovative progress within the FinTech sector. This article discusses various rules and guidelines to ensure that the FinTech industry remains equitable and secure for all stakeholders, emphasizing the importance of collaboration between businesses and regulatory bodies.

Download or read book Taxmann s Analysis The Future of FinTech Balancing Innovation with Responsibility written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-06-03 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fintech Self-Regulatory Organization (SRO-FT) is a dedicated self-regulatory body for the FinTech sector, aimed at establishing industry standards and guidelines. Its primary purpose is to provide a framework for ethical conduct and responsible innovation within the industry. This article covers the following key aspects: ‣ The Need for Self-Regulation in FinTech ‣ Guiding Characteristics for an Effective SRO-FT in FinTech Innovation ‣ Key Requirements for Establishing a Credible SRO-FT ‣ Membership Guidelines for a Robust SRO-FT in FinTech ‣ 'Fit and Proper Criteria' for SRO-FT Board and Key Managerial Personnel ‣ Guidelines for Recognition as an SRO-FT ‣ Conditions for Issuance of 'Letter of Recognition' ‣ Functions and Responsibilities of SRO-FT in Ensuring Members' Compliance and Dispute Resolution