Now customers, as well as those who are interested in the Forex market and who plan to conclude an agreement with a forex dealer can apply to the Internet reception on the official website of the AFD.
Today, the self-regulating organization “Association of Forex Dealers” has registered a framework agreement for the next forex dealer. Alpari Forex LLC is the fourth forex-dealer, which will open the doors for customers.
Maslennikov Sergey Alexandrovich, Managing Director of LLC “PSB-Forex” was elected a member of the Board of the Association of Forex Dealers (Minutes No. 8 of 18.05.2017 of the General Meeting of SRO members of the AFD)
The text of the framework agreement LLC “TrustForex” is registered. Forex dealer “TrustForex” is already the third member of the AFD, which has the right to start opening accounts for clients.
Tomorrow at 13 o’clock in the office of SRO AFD will be a working meeting on the legal status of training centers with licensed forex dealers and training centers for organizations that do not have the status of a forex dealer. As a result of the meeting, the position of the SRO will be formed and sent to the Central Bank and the FAS.
May 18, 2017 in SRO AFD at 11:30 will be a meeting of the SRO AFD working group on internal accounting with the participation of representatives of forex dealers responsible for the internal accounting.
May 18, 2017 at 11.00 in the office of SRO AFD will hold an extraordinary meeting of the General Meeting of SRO members of the AFD.
The AFD Board decided to accept the Limited Liability Company “PSB-Forex” as a member of the SRO.
In accordance with clause 6 of Article 4.1 of the Federal Law of 22.04.1996 “On the Securities Market”, the text of the framework contract of LLC “FINAM FOREX” was registered by the Self-Regulating Organization in the Field of the Financial Market that unites forex dealers “Association of Forex Dealers
May 15, 2017 will hold an extraordinary meeting of the Board of SRO AFD. During the meeting, a decision will be made to accept the Limited Liability Company “PSB-Forex” (OGRN 1167746652193) as a member of the SRO of the AFD. And also changes will be made to the Schedule of inspections of SRO members of the AFD.
On May 11 at 11 o’clock in the office of the AFD there will be a working meeting to discuss the draft of the basic standard of consumer protection with the participation of the representatives of the All-Russian public organization of consumers “Union for the Protection of the Rights of Financial Services Consumers” (FinPotrebSoyuz) within the framework of the agreement on cooperation. The discussion of this standard with a profile public organization will allow to take into account the experience of protecting consumers from unfair behavior of participants in the financial market and apply it when finalizing the standard.
Forex-dealers will be able to start full-fledged work in Russia after more than a year and a half break – so much time was spent on obtaining licenses and registering SROs in the Central Bank
The Bank of Russia agreed the first basic standard for forex dealers. This will enable seven licensed forex dealers to start making contracts with Russian clients, and customers – all disputes to resolve within the Russian legislation.
Retail trade of currency pairs comes out of freezing
After almost one and a half year after the freezing of the forex market, the industry had a chance to restore its activity. Yesterday, the Central Bank published the first of four basic standards of activity of participants in this market. This is a document that describes the rules of the game for all licensed market participants, and their control will be monitored by the SRO. Now, forex dealers will be able to register their framework contracts and start working on the market.
The Bank of Russia approved the first basic standard; Forex-dealers will be able to accept the first customers in the near future.
The Central Bank of the Russian Federation has approved a basic standard for performing transactions in the financial market, which allows the beginning of activities forex-dealers.