Glossary

NBFC?MFIs must ensure that at least 60% of total assets (excluding intangible assets) are microfinance loans. If this falls below target for four consecutive quarters, they must develop and submit a remediation plan to the RBI.

Quantum computing risk refers to the potential threat posed by powerful quantum computers that could break current cryptographic algorithms, compromising data security. As quantum technology advances, organizations must prepare by exploring quantum-resistant encryption methods to protect sensitive information.

Fraud Monitoring Committees (FMCs) must report quarterly to the Risk Management Committee and annually to the board on fraud incidents, financial impact, and policy/guidelines effectiveness. Internal fraud must also be reported to the Audit Committee.

Fraud Monitoring Committees are required to submit quarterly (to Risk Management) and annual (to Board) reports on identified fraud incidents, red flags detected, monetary impact, and policy efficacy?ensuring oversight focus on trends, mitigation outcomes, and governance improvement.

Qui Tam is a legal provision under the False Claims Act that allows private individuals, called “relators” or whistleblowers, to file lawsuits on behalf of the government against entities defrauding government programs. Successful relators may receive a portion of recovered funds as a reward.

A quota is a government-imposed limit on the quantity or value of a specific good that can be imported or exported during a given time period. Quotas are used to control trade volume, protect domestic industries, and manage the supply of goods in a market.

Quote stuffing is a market manipulation technique involving the rapid placement and cancellation of large numbers of orders to overwhelm and confuse other traders? systems. This creates delays or disrupts the normal flow of market information, giving an unfair advantage to the manipulator. Quote stuffing is illegal and harms market fairness.