Alerts & Updates 8th Jul 2026
On July 1, 2026, the RBI revised its FAQs relating to Annual Return on Foreign Liabilities and Assets (FLA) under FEMA, 1999 to switch reporting by GIFT-IFSC entities from RBI to IFSCA. On the same day, IFSCA issued a Press Release offering further clarification for the changes being made.
In this Update, we summarise and analyse the changes introduced through the revised RBI FAQs and the IFSCA Press Release and their implications for FLA reporting by IFSC-regulated entities.
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