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The Reserve Bank of India has released a draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services. The document aims to consolidate and harmonize existing guidelines and instructions on outsourcing of financial services, providing a one-stop reference point for regulated entities (REs). The public is invited to provide comments and feedback by November 28, 2023, at comments@reserabankofindia.in with the subject line "Comments on draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services"".
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