RBI’s framework for SROs: From minimum net worth to mix of members, key regulations explained

A self-regulatory authority is an institution which has the ability to operate independently and with impartiality, and importantly free from the influence of any single member or group of members. Generally speaking, an SRO is expected to adhere to a set of overarching objectives for betterment of the sector it represents, foster advancement and address critical industry concerns within the broader financial system. How to submit: The RBI regulation stipulated that the interested parties seeking recognition as a self-regulatory organisation in financial markets may submit their application either through email or to the CGM, Financial Markets Regulation Department, RBI, Central Office, 9th Floor, Shahid Bhagat Singh Marg, Mumbai – 400 001. The applicant must have a minimum net- worth of ₹10 crore and should possess or have the ability to create infrastructure to enable it to discharge responsibilities of an SRO on a continuing basis. {{^adFree}} {{/adFree}} C. Mix of members: The applicant must adequately represent the sector / market with a good mix of members across different types and sizes of entities.