FOREIGN EXCHANGE DEALERS’ ASSOCIATION OF INDIA
MUMBAI

 

COVID-19 – ADVISORY and MARKET UPDATES

Date

Subject / Issues

Action Taken

Attachment, if any

16th July 2020

CERTIFICATE COURSE IN FOREIGN EXCHANGE OPERATIONS - The Postponed FEDAI-IIBF Exam. As communicated by IIBF, the above certificate exam will be held under the remote proctoring mode. The exams will be held during August 2020. Registration for the exam starts from 15th July 2020. IIBF issued communication detailing the Exam schedules See Attachment

1st July 2020

Novel Coronavirus (COVID-19) - Temporary relaxation in Forex Regulations - Extension FEDAI issued Special Circular No.SPL-10/COVID19 Relaxations/2020 dated 1st July 2020 See Attachment

11th June 2020

Novel Coronavirus (COVID-19) - Temporary Relaxations in Forex Regulations - Extension FEDAI issued Special Circular No.SPL-09/COVID19 Relaxations/2020 dated 11th June 2020 See Attachment

19th May 2020

Novel Coronavirus (COVID-19) - Temporary Relaxations in Forex Regulations - Extension FEDAI issued Special Circular No.SPL-08/COVID19/Relaxations/2020 dated 19th May 2020 See Attachment

18th May 2020

FEDAI Office / Work From Home FEDAI Office closed upto 31st May 2020 See Attachment

3rd May 2020

FEDAI Office - Work From Home FEDAI Office closed upto 17th May 2020 See Attachment

30th April 2020

RBI Notifies Changes in Market Hours-FEDAI Rule 1 - Hours of Business for Quoting FX Rates FEDAI issued Special Circular No.SPL-07/COVID19/ MARKET HOURS/2020 dated 30th April 2020 See Attachment

22nd April 2020

Novel Coronavirus COVID-19 - Temporary Relaxations in forex regulations FEDAI issued Special Circular No.SPL-06/COVID19 Relaxations/2020 dated 22nd April 2020 See Attachment

16th April 2020

RBI Notifies Changes in Market Hours-FEDAI Rule 1 - Hours of Business for Quoting FX Rates FEDAI issued Special Circular No.REVISED SPL-05/COVID19/ MARKET HOURS/2020 dated 16th April 2020 See Attachment

15th April 2020

Novel Coronavirus (COVID-19) - Temporary Relaxations in Forex Regulations Special Circular No.SPL-04/COVID19 Relaxations/2020 dated 15th April 2020. See Attachment

15th April 2020

FEDAI Office - Work From Home FEDAI Office closed upto 3rd May 2020 See Attachment

9th April 2020

COVID-19 - ADVISORY FEDAI issued Circular Letter No.07/2020 dated 9th April 2020 See Attachment

7th April 2020

Impact of Covid-19 on trade finance transactions issued under ICC rules. Guidance Paper issued by ICC. The paper, issued in response to increasing requests for guidance, provides practical advice and highlights best practices in the handling of trade finance transactions that are subject to ICC rules. Besides gist of important articles of various ICC documents like UCP, URDG, URC, URR etc the paper also talks about possible alternate solutions to situations currently faced by the dealing counterparties. See Attachment

3rd April 2020

RBI Notifies Changes in Market Hours-FEDAI Rule 1 - Hours of Business for Quoting FX Rates FEDAI issued Special Circular No.SPL-03/COVID19/MARKET HOURS/2020 dated 3rd April 2020 See Attachment

1st April 2020

Export of Goods and Services - Realisation and Repatriation of Export Proceeds-Relaxation RBI issued Circular. RBI/2019-20/206 A.P.(DIR Series) Circular No. 27 dated 1st April 2020 See Attachment

1st April 2020

CERTIFICATE COURSE IN FOREIGN EXCHANGE OPERATIONS - IIBF Exam scheduled to be held on 25th April 2020, conducted on behalf of FEDAI. At our request, IIBF communicated as below. In order to prevent spread of Corona Virus and as directed by the concerned authority, the examinations scheduled in the month of March/April/May 2020 are cancelled or postponed. Exam Postponed to 13th June 2020 See Attachment

30th March 2020

FEDAI office - Work from Home FEDAI Office closed upto 14th April 2020 See Attachment

27th March 2020

FEDAI One Day Special Workshop (Non-Residential) on "Countering Trade Based Money Laundering" scheduled for 21st April 2020. CANCELLED. Fresh date will be announced shortly.

27th March 2020

Communication received from GFXC Secretariat

GFXC has issued a statement on FX market conditions encouraging market participants to take appropriate steps to reduce the potential
impact of volatility on market functioning as we approach the month-end.

 

The statement can be found here: 
For details click here

27th March 2020

Legal Entity Identifier: Extension of deadline

RBI Notification issued.
RBI/2019-20/185 FMRD.FMID. No.24/11.01.007/2019-20 dated 27th March 2020

See Attachment

24th March 2020

FEDAI Annual Conference at London between 10-12, April 2020

CANCELLED.

 

22nd March 2020

FEDAI office - Work from Home

FEDAI Office closed from 23rd to 31st March 2020. Contact details updated in website.

See Attachment

19th March 2020

Novel Coronavirus (COVID 19) - Temporary Relaxations in Forex Regulations

Special Circular No. SPL/BV/2020 dated 19th March 2020

See Attachment

17th March 2020

COVID-19 Advisory - Operational and Business Continuity Plans

Circular Letter No.04/2020 dated 17th March 2020

See Attachment

 

Close