<p>“The Finance Minister has already said that the concerns of RBI will be addressed. He has assured that there is an inter-regulatory dispute resolution mechanism and the autonomy will not be disturbed, and I think we have to accept that,” Pension Fund Regulatory and Development Authority (PFRDA) Chairman Yogesh Agarwal told PTI.<br /><br />The government had, last month, ended a two-month-long turf war between insurance regulator IRDA and capital market watchdog Sebi through an ordinance, making it clear that Ulips would be regulated by Irda.<br /><br />The ordinance also provided for creating a high-level panel, chaired by Finance Minister Pranab Mukherjee, that would sort out all issues of jurisdiction regarding hybrid products.</p>
<p>“The Finance Minister has already said that the concerns of RBI will be addressed. He has assured that there is an inter-regulatory dispute resolution mechanism and the autonomy will not be disturbed, and I think we have to accept that,” Pension Fund Regulatory and Development Authority (PFRDA) Chairman Yogesh Agarwal told PTI.<br /><br />The government had, last month, ended a two-month-long turf war between insurance regulator IRDA and capital market watchdog Sebi through an ordinance, making it clear that Ulips would be regulated by Irda.<br /><br />The ordinance also provided for creating a high-level panel, chaired by Finance Minister Pranab Mukherjee, that would sort out all issues of jurisdiction regarding hybrid products.</p>