PR No. 2025-2026/1926; Dated: 14.01.2026
1. Introduction
Reserve Bank of India (RBI) has recognised the Foreign Exchange Dealers’ Association of India (FEDAI) as a Self-Regulatory Organisation (SRO) for all authorised dealers under its Omnibus framework for SROs.
2. Recognition Under Omnibus SRO Framework
The recognition brings FEDAI within RBI’s broader Omnibus framework for SROs, aimed at strengthening market discipline, transparency, and self-regulation across regulated entities involved in foreign exchange transactions.
3. Scope Of FEDAI’s Role
As an SRO, FEDAI will play a key role in setting standards, promoting best practices, and ensuring compliance among authorised dealers operating in the foreign exchange market, subject to RBI’s overall regulatory oversight.
4. Alignment And Membership Expansion
RBI has granted FEDAI a period of one year to align its governance and operational framework with the Omnibus SRO requirements. During this period, FEDAI must also take steps to extend its membership to cover all categories of authorised dealers.
5. Conclusion
The recognition of FEDAI as an SRO marks a significant step in strengthening self-regulation in India’s foreign exchange market. By expanding its governance framework and membership base, FEDAI is expected to enhance consistency, accountability, and market integrity among authorised dealers.
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