Regulators Adopt Non-Legislative Aspects of FSLRC Report

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..... Regulators Adopt Non-Legislative Aspects of FSLRC Report
News and Press Release
Dated:- 9-7-2014

The Financial Sector Legislative Reforms Commission (FSLRC) in its Report submitted on 24 .....

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..... March 2011 has given wide-ranging recommendations, both legislative and non-legislative aspects, on the institutional, legal, and regulatory framework, and operational changes in the Indian financial .....

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..... sector. The Economic Survey mentions that in October 2013 regulators decided to adopt the non-legislative aspects of FSLRC recommendations. These are broadly in the nature of governance enhancing pri .....

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..... nciples for enhanced consumer protection, greater transparency in the functioning of financial sector regulators in terms of their reporting system, greater clarity on their interface with the regulat .....

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..... ed entities and greater transparency in the regulation making process by means of mandatory public consultations, incorporation of cost benefit analysis etc. Most households are as yet cutoff from lar .....

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..... ge parts of the financial system. The survey says next wave of infrastructure financing will require a capable bond market.
News - Press release - PIB .....

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