Changes in European Forex Regulation
Posted: Mon Jun 13, 2016 4:05 pm
This article was written by Eleana Massoura, Head of Compliance at FXTM.
The retail forex industry is advancing rapidly as the popularity of trading currencies and commodities online continues to boom. The general overview of regulated forex brokers and the role of internal compliance teams is evolving right alongside this growth.
A number of developments in particular have emerged, pointing to more transparency within the regulatory framework itself.
1. Risk Based Supervision Framework
Back in September 2014, it was announced by the Cyprus Securities and Exchange Commission (CySEC) that it would design and develop a Risk Based Supervision Framework (‘RBS-F’) ... (read more)