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RBI issues foreign exchange management (Authorised Persons) regulations
06-May-26   17:58 Hrs IST
The Reserve Bank of India (RBI), under the Foreign Exchange Department, has notified new regulations named the Foreign Exchange Management (Authorised Persons) Regulations, 2026. These regulations came into force on April 30, 2026. Under these regulations, no person or entity is allowed to act as the authorised person in foreign exchange without obtaining approval from the RBI.

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Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant.     KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, ,Mutual ).    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.