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RBI Reviews Circulars Issued Under FEMA
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Reserve Bank of Indiabanking

RBI Reviews Circulars Issued Under FEMA

July 5, 2026

The Reserve Bank of India has initiated a review of past circulars issued under the Foreign Exchange Management Act, 1999, to rationalize the regulatory framework. This review may lead to the discontinuation of obsolete regulations.

RBI Reviews Circulars Issued Under FEMA

The Reserve Bank of India announced on June 24, 2026, the review of circulars issued under the Foreign Exchange Management Act, 1999 (FEMA). This measure is part of the RBI's initiative to rationalize regulatory mechanisms and ensure that outdated or non-operational guidelines are rescinded.

A list of circulars, effective since June 1, 2000, is being evaluated for relevance and applicability. The RBI aims to streamline these regulations to promote better compliance and clarity among stakeholders.

Lawyers and compliance officers should pay close attention to this regulatory review, as the discontinuation of certain circulars may impact operational protocols for authorized persons. This development signifies a push towards a more organized regulatory landscape which practitioners should stay informed about.

Citations

  • RBI/2026-27/175 A.P. (DIR Series) Circular No. 18
Practice Areas:banking

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