Many Russian Forex market participants have been displeased with the current version of the Russian Forex law, including restrictions on maximum leverage and tight deadlines for obtaining a Forex dealer license. And yet, all these requirements may seem quite loose if we consider the demands of the Bank of Russia stated in a letter to…
Read moreRetail Forex broker TeleTrade has joined the line of companies applying for a Russian Forex dealer license. The company announced on Wednesday that it has filed the necessary documents and that it hopes to get the license sometime in the first quarter of 2016. The Bank of Russia has 60 business days to review the…
Read moreWhile Russian Forex market participants are pushing for extension of the licensing grace period, various providers have already started making their offers for services that the Forex brokers (or Forex dealers, as per their official designation in Russia) will need in order to meet the new regulatory requirements. Given the Russian affinity for bureaucracy, it…
Read moreAs the end of the year gets closer so does the deadline for obtaining a Russian Forex dealer license or exit the Russian Forex market. However, the Bank of Russia, the Megaregulator responsible for the oversight of the Forex industry, seems to be warming up to postponing the licensing deadline. Bank of Russia's Deputy Governor…
Read moreA brief announcement that would be of interest to Forex companies that want to obtain licenses of Forex dealers in Russia... The Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) is planning a meeting with representatives of the Bank of Russia, the regulator responsible for the oversight of Russia's Forex industry. The meeting…
Read moreFINAM Forex, part of the FINAM Group of Companies, has announced that it has submitted the relevant documents for obtaining a Russian Forex dealer license. The documents have been filed with the Bank of Russia, which is responsible for the regulation of Russia's FX industry. The review of FINAM's application will take up to 60…
Read moreAs the majority of the provisions of the Russian Forex law come into force on the first day of October 2015, it is more than natural to ask “What will change?”.
Read more