Foreign exchange regulation: new rules govern acquisition and transfer of immovable property outside India, effective on Gazette publication. Regulation creates a statutory framework for acquisition and transfer of immovable property outside India under the Foreign Exchange Management Act, 1999, designating the instrument as the Foreign Exchange Management (Acquisition and transfer of immovable property outside India) Regulations, 2015, issued under FEMA powers, and specifying that the Regulations commence on publication in the Official Gazette while superseding the prior notification on the subject.