<h1>Financial Sector Reforms Commission Proposes Non-Legislative Governance Enhancements for Consumer Protection and Transparency in India.</h1> The Financial Sector Legislative Reforms Commission, led by a retired Supreme Court Justice, submitted a report to the government with recommendations for enhancing governance in the financial sector. These recommendations, which do not require legislative changes, focus on consumer protection, transparency, regulatory processes, and capacity building. A Guidance Handbook has been created to assist regulators in voluntarily implementing these non-legislative recommendations. This handbook includes examples of global best practices and is available on the Ministry of Finance website. The initiative aims to standardize governance improvements across financial sector regulators.