On March 1, 2017, the AFD office signed an agreement on cooperation between the All-Russian Public Organization of Consumers “Union for the Protection of the Rights of Financial Services Consumers” (FinPotrebSoyuz) represented by the Chairman of the Board Igor Vladimirovich Kostikov and the Self-Regulating Organization in the Field of the Financial Market Combining forex Dealers Association of Forex Dealers In the person of the Head of Masharov Evgeny Ivanovich.
The self-regulating organization of forex dealers AFD increases the membership fee to 1.8 million rubles a year.
The only currently accredited association of Russian forex dealers continues to prepare for the launch of the regulated Forex market in Russia and while settling order in its yard. No later than yesterday (February 27, 2017) an extraordinary meeting of the Board of the Association of Forex Dealers (AFD) took place, following which it was decided to increase the monthly membership fee in the AFD to 150 thousand rubles, starting April 1 this year (1.8 Million rubles a year, or about 30 thousand US dollars).
On February 27, 2017, an extraordinary meeting of the Board of the Association of Foreign Exchange Dealers was held (Minutes No. 12 of February 27, 2017), following which a decision was taken to approve the Internal Standard. Conditions for membership in the AFD, including the amount or procedure for calculation, as well as the procedure for payment of the introductory Contribution and membership fees and the Internal Standard. The procedure for conducting an AFD audit of compliance by its members with the requirements of the legislation of the Russian Federation, regulatory acts of the Bank of Russia, basic standards, internal standards and other internal In the new edition.
From April 1, 2017, the monthly membership fee in the AFD will increase, which will amount to 150,000 rubles.
The competence of the Committee to monitor the activities of members of the AFD include: Planning and conducting inspections of the members of the AFD, as well as candidates for membership of the AFD in accordance with the procedure established by the internal documents of the AFD; Sending requests and receiving answers from AFD members, […]
The regulator intends to introduce requirements for information disclosure by offshore forex dealers offering their services in Russia. Now they may not comply with the law “On the Forex market”, which leads to violations of the rights of citizens
The collective of the AFD congratulates colleagues on the coming New Year! This year was marked by the formation of a regulated forex market in the Russian Federation! We are confident that next year licensed forex dealers will be able to start their activities!
Following the meeting of the Board:
1. The Limited Liability Company “Intercom-Audit-L” is appointed by the auditor to check the annual accounting (financial) statements of the AFD.
2. The schedule of inspections of AFD members for 2017 was approved.
1. Definition of the auditor for checking the annual accounting (financial) reporting of the SRO of the AFD.
2. Adoption of the schedule of inspections of SRO members of the AFD for 2017.
On December 22 and 23, 2016 in the SRO of the AFD for the members of the AFD under the leadership of S.P. Soboleva there will be seminars on the topics: IAS 488-P Accounting for derivative financial instruments and IAS 496-P Hedgi
For more than 20 years, the market of forex – retail electronic trading of currency pairs – in Russia has been left to itself. Thanks to this business was, albeit super-profitable for forex dealers, but had a reputation of marginal. The desire to raise the status of the market played a cruel joke with forex companies: effective January 1, 2016 tough amendments to the legislation actually deprived them of the opportunity to legally work in the Russian jurisdiction. “Kommersant” has found out, how the market has lived almost year at new regulation and on what counts in the future
The functions of the Committee for Standards include the development of proposals for the development of financial organizations, the harmonization of the basic standards developed by the SRO forex-dealers.
Extraordinary meeting of the General Meeting of the members of the Association of Forex Dealers on November 22, 2016
The Board of the self-regulating organization in the sphere of the financial market uniting the forex dealers of the Association of Forex Dealers (Minutes No. 10 of November 21, 2016) decided to accept the Limited Liability Company “Forex Club” as a member of the SRO of the AFD.
On October 28, 2016, a meeting of the working group on internal accounting and control took place. The meeting discussed the issues of regulatory support for the activities of forex dealers, including reporting issues
Руководителем рабочей группы назначена член Коллегии АФД Елена Кузнецова.
Last week, the Association of Forex Dealers (AFD) was accredited by the Bank of Russia as the first self-regulatory organization in the forex market. In his first interview in a new quality, Evgeny Masharov, head of the AFD, and Yaroslav Dusush, chairman of the AFD board, told Finversia.ru how the market will change in connection with his legitimization.
The Board of the self-regulating organization in the sphere of the financial market uniting the forex dealers of the Association of Forex Dealers (Minutes No. 9 of October 24, 2016) decided to accept VTB 24 Forex as a member of the SRO of the AFD.
October 14, 2016 an extraordinary meeting of the Board of the Association of Forex Dealers (Minutes No. 8 of October 14, 2016) was held
October 17, 2016 an extraordinary meeting of the General Meeting of members of the Association of Forex Dealers (Minutes No. 4 of October 17, 2016) was held.