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<h1>Residents can pledge foreign securities to authorized dealers for domestic financing under Regulation 23</h1> Regulation 23 of FEMA Foreign Exchange Management Regulations 2004 permits residents of India who lawfully acquired or hold foreign securities under the Act to transfer such securities through pledge arrangements. This transfer mechanism enables residents to obtain fund-based or non-fund based financial facilities from authorized dealers within India, providing a legal framework for using foreign securities as collateral for domestic financing purposes.