What does FSRASC mean? What is the full form of FSRASC?

The full form of FSRASC is Financial Sector Regulatory Appointment Search Committee

Financial Sector Regulatory Appointment Search Committee

FSRASC was set up based on the recommendation of the Financial Sector Legislative Reforms Commission as a “standing committee” to “recommend suitable persons for selection of Chairperson and Whole Time and Part Time Members of the financial sector regulators.”
The Finance Ministry’s objective was to adopt a uniform selection process for all financial sector regulators without going into the related issues of tenure, age and qualification.

Apart from the Cabinet Secretary, who heads it, it includes
- Additional Principal Secretary to the Prime Minister;
- Secretary, Department of Economic Affairs or Department of Financial Services (depending on the administrative role);
- Chairperson of the regulatory authority concerned, and
- Three outside experts.

FSRASC

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Financial Sector Regulatory Appointment Search Committee

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What does FSRASC mean? What is the full form of FSRASC?

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