MUMBAI, India, Feb. 27 -- Reserve Bank of India issued the following press release:
The Reserve Bank had constituted the Regulations Review Authority 2.0 (RRA 2.0) in 2021 to review the regulatory prescriptions with a view to their simplification and ease of implementation. Based on detailed deliberation, RRA 2.0 finalized its report on June 10, 2022. One of the important recommendations of the RRA 2.0 report was:
"Creation of Regulatory Handbook(s) containing regulations applicable to a set of Regulated Entities (REs) or on a particular subject may be explored by the regulatory departments. This would serve as a quick reference guide for the REs".
2. Accordingly, the Department of Regulation (DoR) has compiled its regulatory instruction...