On January 14, 2026, the Reserve Bank of India announced the recognition of the Foreign Exchange Dealers' Association of India (FEDAI) as a Self-Regulatory Organisation (SRO) for Authorised Dealers. FEDAI had applied under the Omnibus Framework for recognition of SROs. The decision to recognize FEDAI comes after examination of the application and considering FEDAI's existing function as an SRO. FEDAI has one year to align its framework with the Omnibus SRO framework and expand its membership. This press release is numbered 2025-2026/1926. The Chief General Manager, Brij Raj, is the contact person. The Department of Communication is located at Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, Phone: 022 - 2266 0502. Website: www.rbi.org.in, email: helpdoc@rbi.org.in. The relevant press release is dated March 21, 2024.
Key Entities Referenced
Reserve Bank of India: The central bank of India, involved in the recognition of Self-Regulatory Organisations.
Foreign Exchange Dealers' Association of India (FEDAI): Entity being recognized as a Self-Regulatory Organisation (SRO) for Authorised Dealers.
Self-Regulatory Organisation (SRO): A type of organization that FEDAI is recognized as, regulating its members.
Omnibus Framework for recognition of Self-Regulatory Organisations (SROs): The framework under which FEDAI applied for recognition as an SRO.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
January 14, 2026
Recognition of FEDAI as Self-Regulatory Organisation (SRO) for
Authorised Dealers
Foreign Exchange Dealers’ Association of India (FEDAI) had submitted an application
under the Omnibus Framework for recognition of Self-Regulatory Organisations (SROs)
for Regulated Entities of the Reserve Bank, issued vide Press Release dated March 21,
2024 for recognition as an SRO. After examining the application and considering the fact
that FEDAI has been functioning akin to an SRO through its rules governing the conduct
of its members, it has been decided to recognise FEDAI as an SRO for all Authorised
Dealers.
FEDAI has been given one year to bring its functioning and governance framework in
line with the Omnibus SRO framework and take necessary steps to extend its membership
to all categories of Authorised Dealers.
(Brij Raj)
Press Release: 2025-2026/1926 Chief General Manager