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Role of an SRO

A Self Regulatory Organisation is a professional, non-governmental organization that has the power to create and enforce industry regulations and standards. The priority is to protect clients through the establishment of rules that promote ethics and equality. It exercises limited regulatory authority over Members and enforces minimum standards and rules of conduct. A regulatory authority can be applied in addition to some form of government regulation, or it can fill the vacuum due to inadequate government oversight and regulation.

MFIN’s role as a SRO hinges on five factors:

  1. Surveillance
  2. Grievance Redressal
  3. Dispute Resolution
  4. Data Collection
  5. Training and Knowledge Dissemination

 

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