Foreign exchange authorisation framework rationalised with new compliance rules for authorised persons under FEMA.

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Full Text of the Document

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....The Reserve Bank has rationalised the framework for authorising persons under the Foreign Exchange Management Act, 1999 to improve foreign exchange service delivery and ease compliance. The Foreign Exchange Management (Authorised Persons) Regulations, 2026 have been notified, and all authorised persons must comply with them as applicable. Corresponding instructions in the Master Directions on money changing activities and other remittance facilities are being amended, and listed A.P. (DIR Series) Circulars are superseded. The directions are issued under FEMA and are without prejudice to approvals required under any other law.....