News

The AFD Board (Minutes No. 4 of May 24, 2016) decided to accept the Limited Liability Company “Teletrade Group” as a member of the Association of Forex Dealers.

View: The Bank of Russia’s introduction of the “Qualified Investor” regime may lead to a wave of lawsuits by traders against licensed forex dealers.

The AFD Board (Minutes No. 3 of May 18, 2016) decided to accept the Limited Liability Company “TrustForex” as a member of the Association of Forex Dealers.

Restrictions on citizens wishing to work in the forex market are made in the framework of amendments to the current legislation on self-regulatory organizations. The amendments suggest a complete ban on such a trade for unqualified investors. Qualification of potential customers will be determined by forex-dealers themselves. However, if the customer incurs losses and it will be proved that the qualification was misappropriated, the forex dealer will pay him full compensation for losses.

Head of the Association of Forex-dealers Evgeni Masharov told Finversia.ru about the first steps to recognize SRO forex dealers by the Bank of Russia. Nothing like this in the market so far was not – no forex dealers with licenses, much less SRO forex-dealers. The first experience, as a rule, is not easy, but Masharov believes that the mega-regulator behaves correctly.

The battle for retail forex: Russian brokers are afraid of diversion of investors abroad; VTB 24: “There is no logic to limit the rights of people.”

Information letter on compliance by the participants of the financial market with the obligation to provide the Bank of Russia with notifications of the appointment (election) and release (termination of powers) of persons in the management bodies and other officials.

The Bank of Russia will prohibit poor and uneducated citizens from using the services of forex dealers. To protect the interests of wealthy investors, the state will not
The regulator will not protect rich citizens from forex dealers, and the poor and unskilled will limit access to this market.