IFSCA circular IFSCA-BDev0DEAC/1/2026 · 01 May 2026
Official title
FAQs on Annual Return on Foreign Liabilities and Assets (FLA) under FEMA, 1999 issued by the Reserve Bank of India (updated as on March 25, 2026)
Summary
Check the official recordThe International Financial Services Centres Authority (IFSCA) has issued a circular regarding the FAQs on the Annual Return on Foreign Liabilities and Assets (FLA) under FEMA, 1999, as updated by the Reserve Bank of India on March 25, 2026. Specifically, the Authority has drawn attention to question numbers 43, 44, and 45 of the RBI's FAQs. Financial Institutions operating within the IFSC are advised that these specific provisions are currently under discussion between the IFSCA and the Reserve Bank of India. Consequently, all Financial Institutions are directed to refrain from taking any action based on these FAQs and must await further instructions from the Authority.
What you must do
Who is affected
CIRCULAR
IFSCA-BDev0DEAC/1/2026
May 1, 2026
To,
All Financial Institutions
FAQs on Annual Return on Foreign Liabilities and Assets (FLA) under FEMA, 1999 issued by the Reserve Bank of India (updated as on March 25, 2026)
Please refer to question nos. 43, 44 and 45 and replies thereto of the FAQs on Annual Return on Foreign Liabilities and Assets (FLA) under FEMA, 1999 issued by the Reserve Bank of India (updated as on March 25, 2026).
Financial Institutions are advised that the contents of the said FAQs are being discussed with the Reserve Bank of India.
Financial Institutions are further advised to await further instructions from the Authority before taking any action on the matter.
This circular is being issued in exercise of the powers of the Authority under section 12 of the International Financial Services Centres Authority Act, 2019.
Yours faithfully,
Sd/-
Supriyo Bhattacharjee (Chief General Manager)
