Participants under ACU Mechanism-Inclusion of Maldives Monetary Authority

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..... ion of Maldives Monetary Authority Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to Section 3 of Article III of the General Provisions of Agreement Establishing the Asian Clearing Union, regarding participation in the Asian Clearing Union and Regulations contained in the Notification No. FEMA 14/2000-RB dated May 3, 2000 [ Foreign Exchange Management (Ma .....

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..... his regard. 3. Necessary amendments to the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2000 and Memorandum of Procedure for Channelling Transactions through Asian Clearing Union (ACU) [Memorandum ACM] are being issued separately. 4. AD Category - I banks may bring the contents of this circular to the notice of their constituents concerned. 5. The directions cont .....

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