The Reserve Bank of India (RBI) on June 15, 2026, issued the Foreign Exchange Management (Mode of Payment and Reporting of Non- Debt Instruments) (Amendment) Regulations, 2026, to further amend the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019.
The following has been stated:
• In the principal regulations, in regulation 3.1, the existing provision at Sl. No. III and X have been substituted.
• In sub-regulation (9) of Regulation 4 of the Principal Regulations, the existing provision has been substituted by the following, namely: “LEC(Individual Foreign Investor - IFI): The designated Authorised Dealer Category I banks shall report to the Reserve Bank in Form LEC (IFI) the purchase/transfer of equity instruments by an individual person resident outside India including Non-Resident Indians or Overseas Citizens of India on stock exchanges in India”.
It shall come into force from the date of its publication in the Official Gazette.
Please refer to the document attached below for more details.
[No. FEMA. 395(4)/2026-RB.]
