Participants under ACU Mechanism-Inclusion of Maldives Monetary Authority

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....er ACU Mechanism-Inclusion of Maldives Monetary Authority Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to Section 3 of Article III of the General Provisions of Agreement Establishing the Asian Clearing Union, regarding participation in the Asian Clearing Union and Regulations  contained in the Notification No. FEMA 14/2000-RB dated May 3, 2000 [Foreign Exc....

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....ferred to above in this regard. 3. Necessary amendments to the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2000 and Memorandum of Procedure for Channelling Transactions through Asian Clearing Union (ACU) [Memorandum ACM] are being issued separately. 4.  AD Category - I banks may bring the contents of this circular to the notice of their constituents concerne....