INDIA: RBI Recognises FIMMDA as SRO

Monday May 12 2025

On 7^th May 2025, the Reserve Bank of India (RBI) has decided to recognise the Fixed Income Money Market and Derivatives Association of India (FIMMDA) as a Self-Regulatory Organisations (SROs) in financial markets.

Earlier RBI has issued a Framework for Recognition of Self-Regulatory Organisations in Financial Markets regulated by the Reserve Bank (Framework) and invited applications for recognition as Self-Regulatory Organisation (SRO) in financial markets.

According to the framework, the FIMMDA applied for recognition as an SRO in Reserve Bank-regulated financial markets, and it has now been determined to be recognized.

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