The International Financial Services Authority (IFSCA) on May 01, 2026, issued a notification regarding FAQs on annual return on foreign liabilities and assets (FLA).
The following has been stated:
Financial institutions are informed that certain FAQ responses (questions 43–45) from the Reserve Bank of India’s updated guidelines on the Annual Return on Foreign Liabilities and Assets (FLA) under FEMA, 1999, are currently under review. Institutions are advised not to act on these specific clarifications until further instructions are issued by the Authority. The circular is issued under the Authority’s regulatory powers.
[IFSCA-BDev0DEAC/1/2026]
