The Reserve Bank of India has set up a Regulations Review Authority (RRA 2.0), initially for a period of one year from May 01, 2021, vide press release dated April 15, 2021.
2. A Group of Advisors (GoA) to assist RRA was also constituted on May 07, 2021. To undertake its preparatory work, the Group has invited feedback and suggestions from all regulated entities, industry bodies and other stakeholders. The last date for sending the suggestion and feedback to the Group is June 15, 2021.
3. Keeping in view the COVID-19 related disruptions and based on the requests received from stakeholders, it has been decided to extend the timeline for submission of feedback and suggestions to the Group till June 30, 2021.
Press Release: 2021-2022/359