<h1>Reserve Bank Proposes Draft Framework for Self-Regulatory Organisation for Payment System Operators; Seeks Public Feedback by Sept 15.</h1> The Reserve Bank has released a draft framework for recognizing an industry association as a Self-Regulatory Organisation (SRO) for Payment System Operators (PSOs). This SRO will encompass all segments of payment systems, ensuring adherence to best practices in security, customer protection, and competitiveness. It will facilitate communication between PSOs and the Reserve Bank, establish minimum standards, and promote disciplined conduct among members. Public comments on the draft framework are invited via email by September 15, 2020.