The Reserve Bank of India (RBI) on December 28, 2023, issued the Reserve Bank of India (Financial Benchmark Administrators) Directions, 2023 with reference to paragraph 1 of the Statement on Developmental and Regulatory Policies dated August 10, 2023, regarding review of the Financial Benchmark Administrators (Reserve Bank) Directions, 2019 dated June 26, 2019.
The Directions have been reviewed to put in place a holistic risk-based framework covering all benchmark administrators in financial markets regulated by the Reserve Bank.
The revised Directions are attached to the document below.
[Notification No. RBI/2023-24/98 FMRD.FMSD.07/03.07.35/2023-24]
