It requires no intervention from the developers, but you will need to download a patch.
Having said that, downloading has always been the way BC worked on Xbox One and Series X|S. When you insert a disc, you don't play the game natively, but the game recognizes the disc, downloads a digital copy where the license is tied to the disc. It's effectively only DRM, no data is extracted from the disc, everything is done on HDD/SSD. In the specific case, Microsoft dropped a patch for Far Cry 4 that you need to download. If you already had Far Cry 4 installed prior and want to play it offline without the update, you will not be able to access 60fps.
Hope that clears it up!