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 the authorisation and renewal process while expanding the principal-agent model for foreign exchange services across the country.
The move is expected to strengthen ease of doing business, improve accessibility to forex services, and modernise India's foreign exchange management ecosystem under the Foreign Exchange Management Act (FEMA).
Official copy of the notification is as follows
The Reserve Bank of India has issued the Foreign Exchange Management (Authorised Persons) Regulations, 2026. The Regulations aim to rationalise the authorisation and renewal framework for authorised persons and extend the principal-agent model for delivery of foreign exchange facility while maintaining appropriate checks and balances.
The Regulations have been issued after examining and suitably including feedback received from the stakeholders on the draft framework published on the Bank’s website on December 26, 2023. Bank’s response to the major comments received are in the Annex.
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