Foreign Exchange Management (Guarantees) Regulations 2026: These regulations supersede the 2000 regulations to regulate guarantees involving residents and non-residents. These prohibit persons resident in India from being parties to guarantees involving non-residents except as permitted, while specifying exemptions for guarantees by overseas or IFSC branches of authorised dealer banks, certain irrevocable payment commitments, and guarantees issued under overseas investment regulations. Residents may act as surety or principal debtor subject to conditions that the underlying transaction is permitted and borrowing and lending eligibility norms are met, with defined exceptions. Residents may also obtain guarantees as creditors, subject to safeguards where both debtor and surety are non-residents. It requires quarterly reporting obligations through a prescribed form and assigns reporting responsibility based on party roles.