The circular prescribes revised reporting formats and simplifies compliance for Authorised Persons, Full- Fledged Money Changers (FFMCs), Authorised Dealer Category-II entities, and Indian Agents under Money Transfer Service Scheme (MTSS). The key changes include revising the FLM-8 return to capture foreign currency note write-offs, removing the requirement for prior RBI approval for write-offs exceeding USD 2,000, and exempting entities reporting through FETERS from filing FLM-8. Authorised Persons and MTSS Indian Agents must submit quarterly lists of franchisees and sub-agents, respectively.