Forex Correspondent Scheme obligations require principal-level permission display, quarterly reporting, data confidentiality, and compliance oversight. The principal under the Forex Correspondent Scheme must issue necessary permission to each outlet of the FxC and ensure that a copy of the permission is prominently displayed at the outlet. The principal must also submit details of all appointed FxCs, together with their places of business, through the APConnect application to the Reserve Bank within 15 days from the end of each calendar quarter. The principal must ensure the preservation, protection, security and confidentiality of customer information and compliance with the applicable forex transaction rules, regulations and directions.