📝 One-liners · 39 cards
Compliance Function and Role of Chief Compliance Officer in NBFCs
Base Layer — Short Name / Who Sits Here?
Short Name: NBFC-BL; Who Sits Here: Non-deposit-taking NBFCs with assets < ₹1,000 crore; NBFC-P2P, NBFC-AA, NOFHC; NBFCs not availing public funds and with no customer interface.
Middle Layer — Short Name / Who Sits Here?
Short Name: NBFC-ML; Who Sits Here: All deposit-taking NBFCs (NBFC-Ds) regardless of size; non-deposit NBFCs ≥ ₹1,000 crore; SPDs, IDF-NBFCs, CICs, HFCs, NBFC-IFCs.
Upper Layer — Short Name / Who Sits Here?
Short Name: NBFC-UL; Who Sits Here: NBFCs warranting enhanced regulation based on a parametric scoring methodology. Top 10 eligible NBFCs by asset size always sit here.
Top Layer — Short Name / Who Sits Here?
Short Name: NBFC-TL; Who Sits Here: Reserved for situations of substantial systemic risk from specific NBFC-ULs. Ideally remains empty.
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