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The Reserve Bank of India (RBI) has officially notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026, introducing a major overhaul in the framework governing authorised persons dealing in foreign exchange transactions in India. The new regulations are aimed at simplifying t
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The RBI has issued the Foreign Exchange Management (Authorised Persons) Regulations, 2026.
The main goal is to simplify the authorisation and renewal framework for authorised persons dealing in foreign exchange and to expand the principal-agent model for forex services.
The regulations are expected to strengthen the ease of doing business in India by simplifying forex authorisation and improving accessibility to forex services.
Yes, the regulations were issued after considering feedback received from stakeholders on the draft framework published in December 2023.
The principal-agent model refers to an arrangement for the delivery of foreign exchange facilities, which the new regulations aim to extend.
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