The Bank of Russia is the country’s financial mega-regulator, which is engaged in issuing licenses to forex dealers wishing to work in Russia. Until recently, only three companies were registered, while the rest were denied under various pretexts, mainly due to the fact that the rest allegedly did not meet the requirements necessary for registration and obtaining a license. In view of the circumstances, the Bank of Russia has finally decided to sit down at the negotiating table with forex dealers and brokers in order to finally discuss urgent issues and find solutions.
Moreover, investors and dealers were very concerned about the initiative to introduce the “Qualified Investor” regime, which, in the opinion of the majority, directly jeopardized the development of the entire trading industry in Russia.
It will also be necessary to determine the main models for the introduction of intermediary and dealer business, analyzing ready-made practices and developing their own, most acceptable for the Russian Federation.
There is also a serious question about the regulated and unregulated segments of the market, as well as how to protect the interests of investors and increase the level of responsibility of dealers themselves.
Basically, the purpose of the meeting is to discuss the possibilities of developing dealership in the field of forex and binary options and strengthening investor confidence in these areas of investment.
