Registration Rules under the Foreign Exchange Act Tax Jan 10, 2025 Registration Rules under the Foreign Exchange Act On January 9, 2025, the Maldives Monetary Authority (“MMA”) has published, the Regulation on Registrations under the Foreign Currency Act (Regulation No. 2025/R-2) (”Regulation”). This regulation establishes the framework of principles and procedures governing registration requirements under the Foreign Currency Act (Law No. 32/2024) (“FCA”), setting the stage for greater clarity and compliance in foreign currency rules. Here’s a breakdown of what you need to know.