Forex Transactions: A Regulatory Guide

As used in this manual are operated OTC transactions in foreign currencies … This guide should help our members who are subject to the NFA Forex ….

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Forex Transactions: A Regulatory Guide
Introduction … 1
Registration … 2
Counterparties … 2
Associated Persons … 2
Introducing Entities … 2
Account Managers … 2
Pool Operators … 3
Members Subject to the Forex Requirements … 4
Soliciting Customers … 5
Risk Disclosure and Customer Information … 5
Communications with the Public and Promotional Materials … 5
Customer Orders … 7
Managing Customer Accounts … 7
Offsetting Transactions … 7
Price Adjustments … 7
Recordkeeping and Reporting … 9
Customer Statements … 9
Supervision … 11
Dues … 15
Security Deposits … 16
Financial Requirements … 18
FDM Capital Requirements … 18
Net Capital Calculation … 19
Financial Books and Records … 21
Financial Internal Controls … 22
Weekly Forex Reporting Requirements … 22
Anti-Money Laundering Programs … 24
Developing Policies, Procedures, and Internal Controls … 24
Other Requirements … 26
Bulk Assignment or Liquidation … 28
Bulk Assignments and Transfers … 28
Bulk Liquidations … 29
Records … 30
Ceasing Business … 30
General Requirements … 31
Privacy Rules … 31
Business Continuity and Disaster Recovery Plans … 32
Appendix 1: Selected NFA Forex Rules … 33
Appendix 2: NFA Interpretive Notices … 54
Appendix 3: Additional Resources … 86
Appendix 4: Sources of Additional Information … 88

Download Forex Transactions: A Regulatory Guide pdf from www.nfa.futures.org, 91 pages, 313.72KB.
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