News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Circulars »
 15 LPA-Opening Urgent Requirement - Audit Managera
 Notification No.81/2019 Central Board Of Indirect Taxes And Customs
 RBI panel for maximum of two-layered core investment companies by 2021
 RBI releases the Report of the Working Group to Review the Regulatory and Supervisory Framework for Core Investment Companies
 Guidelines on Compensation of Whole Time Directors/ Chief Executive Officers/ Material Risk Takers and Control Function staff
 RBI-Auction of Government of India Dated Securities November 04, 2019
 Notification No. 49/2019 ­ Central Tax
 Notification No. 79/2019 Central Board of Indirect Taxes and Customs
  Master Circular - Disbursement of Government Pension by Agency Banks
 Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies
 Reserve Bank of India imposes monetary penalty on Bandhan Bank Limited

RBI releases Draft Directions on Financial Benchmark Administrators
February, 18th 2019

The Reserve Bank of India today released draft directions on Financial Benchmark Administrators. Comments on the draft directions are invited from market participants and other interested parties by March 08, 2019.

Feedback on the draft directions may be forwarded to:

The Chief General Manager, Reserve Bank of India 
Financial Markets Regulation Department 
1st Floor, Main Building
Shahid Bhagat Singh Marg, Fort,
Mumbai – 400001

Or by email with subject line “Feedback on draft directions on Financial Benchmark Administrators”


Reserve Bank of India had, in its Statement on Developmental and Regulatory Policies, the Fourth Bi-monthly Monetary Policy Statement dated October 05, 2018, announced that it will introduce a regulatory framework for financial benchmarks, to improve the governance of the benchmark processes in markets regulated by the Reserve Bank. It was also announced in the Statement on Developmental and Regulatory Policies, in the Sixth Bi-monthly Monetary Policy Statement dated February 7, 2019 that the draft guidelines would be issued for public consultation. Accordingly, draft directions on Financial Benchmark Administrators are being issued for consultation.

These draft directions are based on the Report of the Committee on Financial Benchmarks set up by the Reserve Bank and are guided by the International best practices such as the Principles for Financial Benchmarks of International Organization of Securities Commissions (IOSCO) as well as the laws/ regulations put in place in other jurisdictions.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/1951

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions