RBI issues prudential regulations and other instructions to be followed by SPDs carrying foreign exchange activities
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- Last Updated on 12 October, 2022
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Circular No. RBI/2022-23/127 DOR.FIN.REC.No.73/03.10.117/2022-23, dated: 11.10.2022
Earlier, the RBI allowed Standalone Primary Dealers (SPDs) to undertake foreign exchange activities as part of their non-core activities. Now, the RBI has prescribed that the SPDs shall adhere to the prudential regulations and other instructions. The capital charge for market risk for all the permissible non-core activities, including foreign exchange activities, shall not be more than 20% of the Net Owned Fund of the SPD as per the last audited balance sheet.
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