The RBI has constituted the Technical Consultative Committee for Financial Markets (TCCFM) to facilitate structured engagement with market participants on policy and operational issues in evolving financial infrastructure.
RBI Constitutes Technical Consultative Committee for Financial Markets
On November 05, 2026, the Reserve Bank of India announced the constitution of the Technical Consultative Committee for Financial Markets (TCCFM), fulfilling an announcement made in the Statement on Developmental and Regulatory Policies dated October 7, 2026. The TCCFM will serve as a formal platform for structured dialogue between the RBI and key financial market stakeholders, including banks, financial institutions, market-makers, and technical experts.
The committee’s mandate encompasses advising the RBI on emerging issues in financial markets, infrastructure development, regulatory policy, and operational challenges. With rapid advancements in fintech, digital assets, and payment systems, such consultative mechanisms enhance regulatory agility and stakeholder alignment. The RBI emphasized that the TCCFM will strengthen transparency and inclusiveness in financial market governance.
Legal practitioners in financial regulation and corporate advisory roles should anticipate that future regulatory circulars and policy changes—particularly in areas like market conduct, fintech integration, and systemic risk—may be informed by TCCFM recommendations. This institutionalizes stakeholder feedback into the regulatory design process.
