Withdrawal of Obsolete Regulatory Circulars / Instructions – Interim Recommendations of the Regulations Review Authority 2.0 RBI/2021-2022/127

Last updated: 18 November 2021

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The Reserve Bank of India (RBI) has withdrawn a number of regulatory circulars and instructions. This action follows the interim recommendations made by the Regulations Review Authority (RRA) 2.0 as part of a rationalisation exercise. The specific circulars and instructions that have been withdrawn are detailed in the Annex to this notification and are no longer in effect immediately.

RBI/2021-2022/127
CO.DPSS.OVRST.No.S929/06-08-001/2021-2022

November 16, 2021

The Chairman / Managing Director /
Chief Executive Officer
Authorised Payment System Operators / Banks

Madam / Dear Sir,

Withdrawal of Obsolete Regulatory Circulars / Instructions – Interim Recommendations of the Regulations Review Authority 2.0

Please refer to the Press Release on Interim Recommendations of the Regulations Review Authority (RRA) 2.0 dated November 16, 2021.

2. A comprehensive review of the circulars issued by the Department of Payment and Settlement Systems (DPSS) was undertaken as part of the rationalisation exercise under RRA 2.0 and as per recommendations of the RRA, the regulatory instructions / circulars listed in the Annex stand withdrawn with immediate effect.

Yours faithfully,

(P. Vasudevan)
Chief General Manager

FAQ :

The notification announces the withdrawal of obsolete regulatory circulars and instructions by the RBI, based on interim recommendations from the Regulations Review Authority (RRA) 2.0.

The interim recommendations were issued by the Regulations Review Authority (RRA) 2.0.

As per the recommendations of the RRA 2.0, the regulatory instructions and circulars listed in the Annex have been withdrawn.

The withdrawal is effective immediately.

The list of withdrawn regulatory instructions and circulars can be found in the Annex to this notification.

Guest

Notification No : RBI/2021-2022/127 CO.DPSS.OVRST.No.S929/06-08-001/2021-2022
Published in Community & General
Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12196&Mode=0

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