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Financial watchdogs to soon put time limits for key decisions

"We want them to put time limits on settlement of each kind of regulatory application...It's not a statutory deadline, but it is a target. Regulators can decide the time limit and then publish it," said one of the officials, who did not wish to be identified. The official said there cannot be a situation where a regulator does not decide on an application endlessly.

from Industry-Economic Times
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