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Book Taxmann s Analysis   Fintech Self Regulatory Organizations  SROs  and RBI     A Regulatory Symbiosis in the Digital Age

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.