Authorised persons framework under foreign exchange law is rationalised to improve service delivery and ease compliance requirements. The Reserve Bank has issued the Foreign Exchange Management (Authorised Persons) Regulations, 2026 to rationalise the framework for authorisation under the Foreign Exchange Management Act, 1999, improve delivery of foreign exchange services, and ease compliance requirements. All authorised persons must comply with the regulations as applicable to them. The Master Directions on money changing activities and other remittance facilities are being amended, and earlier A.P. (DIR Series) circulars listed in the annex are superseded.
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Authorised persons framework under foreign exchange law is rationalised to improve service delivery and ease compliance requirements.
The Reserve Bank has issued the Foreign Exchange Management (Authorised Persons) Regulations, 2026 to rationalise the framework for authorisation under the Foreign Exchange Management Act, 1999, improve delivery of foreign exchange services, and ease compliance requirements. All authorised persons must comply with the regulations as applicable to them. The Master Directions on money changing activities and other remittance facilities are being amended, and earlier A.P. (DIR Series) circulars listed in the annex are superseded.
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