Tuesday, 9 October 2012

India: financial regulation reform - FSLRC proposals published

The Financial Sector Legislative Reforms Commission, formed last year by the Ministry of Finance, has published a concept paper in which it sets out proposals for a new financial regulatory framework, including the creation of a new agency - the Unified Financial Agency - to replace four existing agencies (SEBI, FMC, IRDA and PFRDA): see here (pdf). A press release is available here (pdf).

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