......There are two parts to the entire thing. If one were to look at the guidelines, one thing is very clear and that is they have made the clarifications in a very articulated manner. They have come out with all sorts of boundaries. So, as far as the discretion when the regulator is required to exercise whether it comes to the committee which will be formed to do that or the regulator himself the areas of such discretions are reduced through the clarification........
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