We at Finakon track the regulatory changes. We also use AI to create a summary. We are providing a quick overview of the RBI circulars on a weekly basis on our website. The summary is neither exhaustive nor comprehensive. For accurate information, users shall refer to the original circular of the regulator. Finakon shall not be responsible for inferences drawn based on the summary provided.
UNSC Sanctions Update under UAPA Section 51A
As per the RBI KYC Directions, 2025, regulated entities must ensure compliance with Section 51A of the UAPA, 1967 by verifying that no accounts are maintained for individuals or entities listed by the United Nations Security Council (UNSC).
The Ministry of External Affairs has notified UNSC updates (March 26, 2026) adding two individuals to the ISIL (Da’esh) and Al-Qaida Sanctions List under resolutions 1267, 1989, and 2253. These individuals are subject to asset freeze, travel ban, and arms embargo:
- Sami Jasim Muhammad Jaata Al-Jaburi (QDi.437)
- Abd El Hamid Salim Ibrahim Brukan Al-Khatouni (QDi.438)
Regulated entities must take appropriate action as per Chapter IX of the KYC Directions and the UAPA Order (February 02, 2021, as amended). Updated sanctions lists are available on the UNSC website.
Any delisting requests received must be forwarded to the Ministry of Home Affairs (MHA). Entities are advised to ensure strict compliance with these requirements.
https://www.rbi.org.in/Scripts/BS_CircularIndexDisplay.aspx?Id=13342
RBI Prescribes NOP-INR Limits for Authorised Dealers
In reference to the Master Direction – Risk Management and Inter-Bank Dealings dated July 05, 2016 (as amended), the Reserve Bank of India has introduced a limit on Net Open Position in INR (NOP-INR) for Authorised Dealers, in line with its powers to manage exchange rate conditions.
Authorised Dealers are required to maintain their NOP-INR positions in the onshore deliverable market within USD 100 million at the end of each business day. Compliance with this requirement must be ensured at the earliest, and no later than April 10, 2026.
These directions have been issued under Sections 10(4), 11(1), and 11(2) of the Foreign Exchange Management Act (FEMA), 1999, and are independent of any other approvals required under applicable laws.
https://www.rbi.org.in/Scripts/BS_CircularIndexDisplay.aspx?Id=13344
