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.
Since April 24, the AFD office will train staff members of SRO AFD on the topic: “The Chart of Accounts and Industry Accounting Standards (CBOS) of the Bank of Russia for non-credit financial organizations (NFOs), taking into account the specifics of accounting and reporting of forex dealers.”
The Board of the Association of Forex Dealers accepted the Limited Liability Company “Fiks Trade” (minutes No. 15 of 24.04.2017) as members of the SRO of the AFD.
On March 24, 2017 at 11 o’clock an extraordinary meeting of the Board of the AFD will be held. The following issues are on the agenda of the meeting:
On April 18 (Tuesday) at 11.00 in the office of the AFD a meeting was held with the participation of the Head of the Accounting Group and the transition to the UCA and IAS SRO of the Association of Forex Dealers Krotkova Oksana.
On April 5, 2017, the Ministry of Justice registered the Instruction of the Bank of Russia of January 25, 2017 No. 4270-U “On the list of basic standards and requirements for their content that are mandatory for the development of self-regulating organizations in the financial market, combining forex dealers, as well as the list of operations (Content of activities) of forex dealers in the financial market, subject to standardization. “