Deposit Regulations amendment removes sub regulation three of regulation six, effective upon publication in the Official Gazette. The Reserve Bank amends the Foreign Exchange Management (Deposit) Regulations, 2016 by deleting the entire sub regulation 3 of regulation 6. The amendment is effected under the Reserve Bank's powers in the Foreign Exchange Management Act and is titled the Foreign Exchange Management (Deposit) (Amendment) Regulations, 2019, coming into force upon publication in the Official Gazette.
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Deposit Regulations amendment removes sub regulation three of regulation six, effective upon publication in the Official Gazette.
The Reserve Bank amends the Foreign Exchange Management (Deposit) Regulations, 2016 by deleting the entire sub regulation 3 of regulation 6. The amendment is effected under the Reserve Bank's powers in the Foreign Exchange Management Act and is titled the Foreign Exchange Management (Deposit) (Amendment) Regulations, 2019, coming into force upon publication in the Official Gazette.
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