Vatsal Gaur Quoted in an article on Financial Express: New Inclusivity Requirements Could Disadvantage Specialized SROs

Vatsal Gaur has raised concerns regarding the new inclusivity requirements proposed for Self-Regulatory Organizations (SROs) in a recent article in Financial Express.

In the article, Gaur states, “This inclusivity requirement could disadvantage specialized SROs that have deep expertise and strong relationships within their niche areas, potentially excluding them from the opportunity to be recognized as an SRO under the current framework.” His comment highlights the unintended consequences these new regulations might impose on highly specialized SROs.

Specialized SROs often possess a concentrated knowledge base and established connections that are critical for maintaining standards and compliance within their specific sectors. The new inclusivity requirements, while aiming to broaden representation and fairness, could inadvertently undermine the efficacy of these organizations by not acknowledging their unique contributions and expertise.

Read full article here: https://www.financialexpress.com/business/banking-finance-post-rbi-guidelines-big-players-set-to-apply-for-fintech-sros-3510256/