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Twelth meeting of the Financial Stability and Development Council (FSDC) held under the Chairmanship of the Union Finance Minister;

Dated:- 15-5-2015 - FM asks Finnnancial Regulators for Expeditious Action on Single Demat Account and Uniform KYC Norms among others The Union Finance Minister Shri Arun Jaitley said that action on Single Demat account and Uniform KYC norms be expedited and suitable regulation framework in this regard be put in place. He said that the common account aggregation facility is envisaged to allow people to get details of their financial assets such as bank accounts, stocks, insurance policies, mutual .....

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airman, FMC; Shri Hemant G Contractor, Chairman, PFRDA; and other senior officers of the Government of India and financial sector regulators. On this occasion, the Finance Minister Shri Jaitley launched an MIS portal for monitoring progress of Regulators on the implementation of the non-legislative recommendations of the Financial Sector Legislative Reforms Commission (FSLRC). The Council was also apprised about progress made by the Task Forces set-up for creation of the Resolution Corporation ( .....

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