Financial
Sector Legislative Reforms Commission
(FSLRC)
ŘSound and unambiguous legislative framework is a prerequisite for an
efficient regulatory system. At present, in India, there are about 60 Acts and
multiple rules and regulations, many of which are archaic and the large number
of amendments have made the laws ambiguous and complex.
ŘGovernment of India has constituted a Financial Sector Legislative
Reforms Commission (FSLRC) to rewrite and streamline the financial sector
laws, rules and regulations to bring them in harmony with India’s fast growing
financial sector.
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