The case for simplifying regulations, removing fine prints associated with procedural prescriptions and elements of discretion are also important from the perspective of reducing compliance burden and facilitating flexible and nimble footed responses by Authorised Dealers and stakeholders. 27. But for a principle-based regulatory framework to work and work effectively,  there are certain “rules of the game”.
It is the way to invest in the future, preparing a better tomorrow for the younger generations. 8  BIS Review 13/2003