The self-regulatory organization of forex dealers has been replenished with one more member. The Forex Club company joined the SRO. So the second main requirement of the Russian regulator has been fulfilled.
The Forex Club company is the founder of another association – NAFD, previously it was known as SRO CRFIN. This association has not yet completed the accreditation process. But if it also receives the status of a forex SRO, then the Forex Club will have to choose. You won’t be able to sit on two chairs, since Russian legislation does not allow this.
But while the Central Council of the Russian Federation cannot resolve the issue of the existence of a second forex SRO in Russia, five participants in the over-the-counter industry in Russia – members of the AFD, are developing standards for doing business in this area.
