The Reserve Bank of India has notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026, after reviewing the framework for authorising any person as an Authorised Person under the Foreign Exchange Management Act, 1999. The new regulations are intended to rationalise that framework, improve delivery of foreign exchange services and ease compliance requirements, and all authorised persons must comply with them as applicable. The issuance also amends instructions in the Master Directions on Money Changing Activities and Other Remittance Facilities, and supersedes 11 earlier A.P. (DIR Series) circulars issued between November 2000 and September 2015. The directions were issued under Sections 10(4) and 11 of the Foreign Exchange Management Act, 1999, without prejudice to any separate permissions or approvals required under other laws.
Reserve Bank of India 2026-05-06
Reserve Bank of India issues new authorised persons foreign exchange regulations and updates money changing and remittance rules
The Reserve Bank of India has issued the Foreign Exchange Management (Authorised Persons) Regulations, 2026, rationalising the framework for authorising persons under the Foreign Exchange Management Act, 1999, to improve foreign exchange service delivery and ease compliance. The regulations amend the Master Directions on Money Changing Activities and Other Remittance Facilities and supersede 11 earlier A.P. (DIR Series) circulars issued between November 2000 and September 2015.