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Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA)
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Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA)

July 1, 2026

The Reserve Bank of India has initiated a review of circulars issued under the Foreign Exchange Management Act since 2000 to rationalize its regulatory framework. This aims to enhance operational clarity for authorized persons.

Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA)

The Reserve Bank of India, in its notification dated June 24, 2026, has communicated a review of all circulars issued under the Foreign Exchange Management Act, 1999, since June 01, 2000. Circulated under RBI/2026-27/175, this review is part of the RBI’s initiative to rationalize the existing regulatory framework.

The comprehensive review aims to identify and eliminate circulars that have ceased to operate effectively, thereby streamlining compliance for Authorized Persons. This move underscores the RBI's commitment to enhance the regulatory landscape for foreign exchange management.

Practitioners working with foreign exchange transactions should be aware of these updates and stay informed about any changes to existing circulars that may affect their regulatory obligations. This proactive measure by the RBI emphasizes the importance of compliance and may impact operational procedures significantly.

Citations

  • Review of Circulars issued under FEMA, 2026
Source:rbi.org.in
Practice Areas:bankingcorporate

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