Central Bank of Russian Federation postponed

The Central Bank of the Russian Federation postponed the entry into force of the Forex Law for one year

CBR agreed to postpone for a year the Law “On Forex“, which had previously been proposed by members of the State Duma Committee on Financial rynkam.Takzhe was asked to review the amount of collateral towards snizheniya.Reshenie to postpone was made taking into account the numerous requests of brokerage companies that simply do not time to collect the necessary documents and to restructure their business strategy under the new legislation. CBR also banned forex dealers to conclude financial transactions with individuals who are not qualified investorami.Pomimo this, foreign forex brokers will be required to comply with the Russian legislation in the event that clients of such brokers work with the IP-addresses belonging to Russian providers .

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