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Reserve Bank invites comments on the draft framework for recognition of a Self-Regulatory Organisation (SRO) for Payment System Operators

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..... Reserve Bank invites comments on the draft framework for recognition of a Self-Regulatory Organisation (SRO) for Payment System Operators - News and Press Release Dated:- 18-8-2020 - News - As ann .....

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..... ounced in the Statement on Developmental and Regulatory policies issued as part of Monetary Policy statement dated February 6, 2020 , the Reserve Bank hereby places a draft framework for grant of .....

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..... recognition to an industry association as a Self-Regulatory Organisation (SRO) for Payment System Operators (PSOs). The SRO shall cover operators in all segments of payment systems and will be .....

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..... expected to observe best practices on security, customer protection and competitiveness. The SRO shall serve as a two-way communication channel between the PSOs and Reserve Bank and work towards esta .....

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..... blishing minimum benchmarks and standards in the payments space, apart from helping disciplined behaviour by members. The framework is placed for public comments which may be forwarded through .....

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..... email so as to reach on or before September 15, 2020. (Yogesh Dayal) Chief General Manager - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagemen .....

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..... t - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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