RBI withdraws obsolete regulatory circulars on recommendations of the ‘Regulations Review Authority 2.0’

The Reserve Bank of India had set up a Regulations Review Authority (RRA 2.0) with the objective to review the regulatory instructions, remove redundant and duplicate instructions, reduce the compliance burden on Regulated Entities (REs) by streamlining reporting structure. In view of this, upon recommendation of the review authority, the RBI has decided to withdraw certain circulars and regulations.The Reserve Bank of India had set up a Regulations Review Authority (RRA 2.0) with the objective to review the regulatory instructions, remove redundant and duplicate instructions, reduce the compliance burden on Regulated Entities (REs) by streamlining reporting structure. In view of this, upon recommendation of the review authority, the RBI has decided to withdraw certain circulars and regulations.taxmann.com Latest Statutory HappeningsRead More

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