Banking · Regulatory Framework for Financial Intermediaries
Consider the following statements regarding the Account Aggregator (AA) framework: 1. Account Aggregators are regulated by the RBI and operate as NBFC-AAs. 2. User consent under the AA framework is specific, time-limited, and revocable. 3. Only banks and insurance companies are mandated to be Financial Information Providers. 4. The AA framework is interoperable across multiple regulators including RBI, SEBI, IRDAI, and PFRDA. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 2 only
- 22 and 3 only
- 31, 2 and 4 only✓
- 41 and 3 only
Correct answer
1, 2 and 4 only
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