Economics · Foreign Exchange Market Regulations
Consider the following statements regarding the statutory backing and implementation details of the revised Risk Management and Inter-Bank Dealings guidelines: 1. The guidelines have been issued invoking the specific provisions under Sections 10(4), 11(1), and 11(2) of the Foreign Exchange Management Act (FEMA), 1999. 2. These guidelines came into effect immediately on April 20, 2026, and aim to address concerns regarding related-party transactions that could potentially lead to regulatory arbitrage and risk concentration. 3. The regulatory updates serve to permanently formalize the interim measures introduced via the March and April 2026 circulars without any revisions. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, and 3
- 21 and 2 only✓
- 32 and 3 only
- 41 only
Correct answer
1 and 2 only
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