The Reserve Bank of India (RBI) has notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026, aimed at streamlining the framework for authorisation and renewal of authorised persons dealing in foreign exchange.
The new regulations also expand the principal-agent model for delivering foreign exchange services while maintaining necessary regulatory safeguards and oversight mechanisms.
The RBI said the final framework incorporates stakeholder feedback received on the draft regulations released in December 2023 after detailed consultations and review.