Regulatory Alerts2026-05-25 | FE Circular No. 02 of 2026Added · Updated
Delegation of Functions: Registration of Shares/Units on Repatriable Basis Issued/ Transferred to Non-Residents and Designation of Authorized Dealer
The document delegates the functions of registering shares or units on a repatriable basis issued or transferred to non-residents, as well as the designation of Authorized Dealers for remitting dividend and disinvestment proceeds, to Authorized Dealers. It amends specific paragraphs in the Foreign Exchange Manual and introduces Standard Operating Procedures to simplify documentary requirements and ensure industry consistency. These instructions become effective one month after issuance, requiring Authorized Dealers to inform their constituents of the amendments for compliance.
Topics
Share