Designation of financial sector regulator permits Central Government to vest Board functions by notification until establishment. Until the Board is established, the Central Government may, by notification, designate any financial sector regulator to exercise the powers and functions ... Summary
Designation of financial sector regulator permits Central Government to vest Board functions by notification until establishment.
Until the Board is established, the Central Government may, by notification, designate any financial sector regulator to exercise the powers and functions of the Board under the Code, enabling temporary vesting of the Board's regulatory and enforcement responsibilities in an existing regulator pending the Board's constitution.
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