22 December 2020
Forex dealer is a professional participant in the securities market, which has a license of the Bank of Russia to carry out the activities of a forex dealer.
Who oversees the activities of organizations licensed by a forex dealer and providing services in the forex market?
The activity of a forex dealer, carried out on the territory of the Russian Federation on the basis of a corresponding license of the Bank of Russia, is recognized as the activity of a professional participant in the securities market. Supervision of the activities of forex dealers is carried out by the Bank of Russia.
How can I get acquainted with the list of forex dealers who have a license of a professional participant of the securities market to carry out the activities of a forex dealer?
The list of professional securities market participants licensed to operate a forex dealer can be found on the Bank of Russia official website in the section "Securities Market and Commodity Market - Professional Securities Market Participants"
Forex-dealer on its website is required to disclose the following information:
- Full and abbreviated name of forex dealer;
- Address of TIN location, telephone / fax number, e-mail address. Mail forex-dealer;
- Name of the Director General of the forex dealer;
- License of a professional participant of the securities market to carry out the activities of a forex dealer;
- Annual financial statements and auditor's report of a forex dealer;
- Intermediate accounting (financial) reporting of a forex dealer;
- A list of branches and representative offices and other separate divisions of the forex dealer (name, address, telephone, fax);
- Information on the amount of own funds forex-dealer; Information on suspension of a forex dealer license (if any);
- Information on the renewal of the license (in the event that there was a fact of suspension of the license);
- Information about technical failures in automated forex dealer systems (if any);
- Information on the resumption of the operability of automated forex dealer systems after failures; Information on significant litigation;
- The procedure and conditions for determining by the forex dealer the quotations for which separate contracts are concluded;
- Quarterly report on the consolidated financial results received by individuals, on contracts concluded with a forex dealer, indicating the ratio of the number of accounts with a negative financial result, to the number of accounts with a positive financial result;
- Notification of risks arising from the conclusion, execution and termination of contracts with a forex dealer;
- Registered by a self-regulating organization in the financial market, uniting forex-dealers the text of the framework agreement, as well as the procedure for concluding separate contracts;
- Certificate of a member of a self-regulatory organization in the financial market, uniting forex dealers, the Association of Forex Dealers;
- Information on the basic standards of a self-regulatory organization in the financial market, uniting forex dealers, the Association of Forex Dealers;
- Information on the credit organization in which the nominal account of a forex dealer is opened, indicating the details of the nominal account;
- Information about the employees of the forex dealer.