Mumbai, Feb. 13 -- The Securities and Exchange Board of India (Sebi) has unveiled its Industry Standards Recognition Manual, marking a significant step towards standardising the operations of Industry Standards Fora (ISFs).

The manual, released on Wednesday, provides comprehensive guidance on the formation and functioning of these regulatory implementation bodies.

The new manual addresses these challenges by establishing uniform self-guiding principles for ISFs. These principles aim to streamline operations across different forums, particularly in areas such as regulation selection for implementation standards, consultation procedures with Sebi, and methods for gathering industry perspectives.

"The standardisation initiative comes at a...