The apex body where regulators meet the Finance Minister — with no statute, and largely unpublished minutes.
RegTrac Brief · 2026-10-26 · Non-statutory · context · register as of 12 September 2026
What changed
- 2026-10-23 — 30th FSDC meeting (New Delhi): macro-financial stability review; workplan covers tokenisation of financial and real-world assets, Financial Sector Cyber Security Strategy, KYC digitalisation for NRIs and FPIs, DPI scale-up (Account Aggregator, ULI) for MSMEs, faster unclaimed-asset refunds; attendance list confirms Jayanti Prasad as IBBI Acting Chairperson (Register note source).
- Chairperson: Nirmala Sitharaman (since 2019-05 — Ex officio as Union Finance Minister) (appointment source).
- Register position as rebuilt on 12 September 2026; every line above carries its own source.
Why it matters
- FSDC has no statute: it was created by executive resolution in 2010 and is chaired ex officio by the Union Finance Minister.
- It coordinates financial stability, inter-regulator disputes, financial literacy and inclusion councils, and a cyber security forum — the venue where cross-regulator positions get settled.
- Because it is non-statutory, RegTrac carries it as flagged context rather than as part of the regulator register.
- Statute and mandate: No statute — created by executive resolution, 2010 — FSDC official site · RegTrac register entry.
Who lobbies these decisions, and what consultation comments were filed, is the missing third layer — LobbyWatch (planned) — because regulators here do not systematically publish their comment trails; the accountability gaps are catalogued in the RegTrac register.
Who is affected
- Grievance route: No direct public grievance channel; minutes largely unpublished (FSDC site).
- The full route, with the register's own notes on escalation, is in the RegTrac register entry for FSDC.
What to watch
- Minutes are largely unpublished, so the coordination that shapes policy is invisible even though the participants are named public bodies.
- There is no public grievance channel and no statutory route to seek FSDC records.
- RegTrac's register logs no sourced change at FSDC since it was built.
- Every watchpoint above is tracked against the RegTrac register entry for FSDC, as rebuilt on 12 September 2026; no line here rests on information the register does not carry.
Evidence
Editorial swarm: tracker ✓ · evidence ✓ · advocate ✓ · institutional ✓ · mapper ✓ · skeptic ✓ · gated by scripts/editorial.py on 2026-11-10 02:17 UTC.