The RBI has conducted a review of circulars issued under FEMA, 1999, streamlining redundant directives. This initiative will assist authorized persons in better compliance and operational efficiency.
Review of Circulars under Foreign Exchange Management Act, 1999
In a recent circular issued on June 24, 2026, the Reserve Bank of India announced a review of all circulars issued under the Foreign Exchange Management Act, 1999 (FEMA) since June 1, 2000. This review is part of efforts to rationalize and simplify the regulatory environment for authorized persons.
The announcement signifies a commitment to improving operational clarity by rescinding the circulars that are no longer applicable. By doing so, the RBI aims to foster a streamlined regulatory framework that facilitates compliance and reduces the burden on authorized entities.
Practitioners and authorized persons should take note of these changes, as this review will impact compliance strategies. It is imperative to stay updated on which circulars remain in effect and to adjust operational frameworks accordingly to align with the current regulations.
Citations
- RBI/2026-27/175
