RBI Notifies FEMA (Authorised Persons) Regulations, 2026
By J the App
Executive Summary
The Reserve Bank of India (RBI) has notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026, replacing and consolidating the regulatory framework governing Authorised Dealers (ADs), Full Fledged Money Changers (FFMCs), and Forex Correspondents under FEMA.
The regulations introduce revised eligibility conditions, governance requirements, turnover thresholds, fit-and-proper criteria, and a new Forex Correspondent Scheme (FCS), while also phasing out fresh franchisee arrangements in money changing activities.
Date: April 30, 2026
Subject: Notification of Foreign Exchange Management (Authorised Persons) Regulations, 2026
Issued by:&...
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