RBI issues Foreign Exchange Management authorised-persons regulations
→Authorised FX providers must align approval and agent models with RBI's 2026 framework
Change
RBI issued the Foreign Exchange Management (Authorised Persons) Regulations, 2026, revising the authorisation, renewal and principal-agent framework for foreign exchange facilities.
Why it matters
The regulations reset the framework under which authorised persons obtain and renew approval to provide foreign exchange facilities. Authorised FX providers and principal-agent networks must align their approval, renewal and delivery arrangements with the revised RBI framework.
Implications
- → Authorised person entities must align authorisation and renewal processes with the 2026 regulations — old approval workflows no longer define the RBI framework for providing foreign exchange facilities.
- → Principal-agent FX networks must update delivery arrangements under the revised RBI model — agent-based foreign exchange service delivery now sits within the 2026 authorised-persons framework.
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Source
View on RBI