The Fintech Self-Regulatory Organization (SRO-FT) is a dedicated self-regulatory body for the FinTech sector, aimed at establishing industry standards and guidelines. Its primary purpose is to provide a framework for ethical conduct and responsible innovation within the industry. This article covers the following key aspects:
‣ The Need for Self-Regulation in FinTech
‣ Guiding Characteristics for an Effective SRO-FT in FinTech Innovation
‣ Key Requirements for Establishing a Credible SRO-FT
‣ Membership Guidelines for a Robust SRO-FT in FinTech
‣ 'Fit and Proper Criteria' for SRO-FT Board and Key Managerial Personnel
‣ Guidelines for Recognition as an SRO-FT
‣ Conditions for Issuance of 'Letter of Recognition'
‣ Functions and Responsibilities of SRO-FT in Ensuring Members' Compliance and Dispute Resolution
