RBI Recognises FEDAI as SRO for Authorised Dealers

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RBI Recognises FEDAI As SRO

PR No. 2025-2026/1926; Dated: 14.01.2026

1. Introduction

Reserve Bank of India (RBI) has recognised the Foreign Exchange Dealers’ Association of India (FEDAI) as a Self-Regulatory Organisation (SRO) for all authorised dealers under its Omnibus framework for SROs.

2. Recognition Under Omnibus SRO Framework

The recognition brings FEDAI within RBI’s broader Omnibus framework for SROs, aimed at strengthening market discipline, transparency, and self-regulation across regulated entities involved in foreign exchange transactions.

3. Scope Of FEDAI’s Role

As an SRO, FEDAI will play a key role in setting standards, promoting best practices, and ensuring compliance among authorised dealers operating in the foreign exchange market, subject to RBI’s overall regulatory oversight.

4. Alignment And Membership Expansion

RBI has granted FEDAI a period of one year to align its governance and operational framework with the Omnibus SRO requirements. During this period, FEDAI must also take steps to extend its membership to cover all categories of authorised dealers.

5. Conclusion

The recognition of FEDAI as an SRO marks a significant step in strengthening self-regulation in India’s foreign exchange market. By expanding its governance framework and membership base, FEDAI is expected to enhance consistency, accountability, and market integrity among authorised dealers.

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied