Regulations Review Authority (RRA 2.0) – Interim Recommendations – Withdrawal of Circular No. 18

Last updated: 17 November 2021

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The Reserve Bank of India (RBI) has announced the withdrawal of A.P. (DIR Series) Circular No. 18, effective immediately. This action is part of the implementation of interim recommendations from the Regulations Review Authority 2.0 (RRA 2.0). The withdrawn circular pertains to Foreign Investment in India by Foreign Portfolio Investors.

RBI/2021-22/130 A.P. (DIR Series) Circular No.18 November 16, 2021 To All Authorised Persons Madam / Sir, Regulations Review Authority (RRA 2.0) Interim Recommendations Withdrawal of Circular Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the announcement on setting up of a new Regulations Review Authority (RRA 2.0), videpress release dated April 15, 2021and the publication of the interim recommendations of the RRA 2.0, videpress release dated No

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FAQ :

A.P. (DIR Series) Circular No. 18, dated November 16, 2021, concerning Foreign Investment in India by Foreign Portfolio Investors, is being withdrawn.

The withdrawal is part of the implementation of the interim recommendations made by the Regulations Review Authority 2.0 (RRA 2.0).

The withdrawal is effective immediately.

Authorised Dealer Category-I (AD Category-I) banks are informed about this withdrawal.

RRA 2.0 stands for Regulations Review Authority 2.0, established by the RBI.

Notification No : RBI/2021-22/130 A.P. (DIR Series) Circular No.18
Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12199&Mode=0

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