RBI Update - Master Direction – Risk Management and Inter-Bank Dealings: Amendments

Standalone Primary Dealers (SPDs) have been granted authorisation under Section 10(1) of the Foreign Exchange Management Act (FEMA), 1999 pursuant to notification no. D-19 July 27, 2018. Accordingly, amendments are being made in the Master Direction to reflect the applicability of the provisions to SPDs. These amendments are placed at Annex I herewith. SPDs shall continue to comply with all applicable Directions issued by the Reserve Bank of India. Link - View Circular Scripts/NotificationUser.aspx? Id=12680&Mode=0