- Establish effective mechanisms to regulate the forex market, which will promote transparency, civility, usability and security interests of market participants.
Effective regulatory mechanisms in the forex market in Russia
Continuous improvement of service quality in the Forex market.
On October 1, 2012 the Federal Financial Markets Service (FFMS) and Self-Regulating Organization ‘Centre for Regulation of Off-Exchange Financial Instruments and Technologies’ have entered into the contract on research and development on the topic “Development of guidelines on advancement of state supervision over the forex broker services market and other presently non-regulated sectors of the non-banking financial market”.
SRO NP CRFIN announces that in the process of monitoring of promotional messages mentioning Forex it has discovered that Traders Company (Internet project www.traders-company.com) shares characteristics of a Ponzi scheme.
Unscrupulous companies are increasingly using fraud schemes under the guise of operations in financial market instruments, including that of the Forex market.
Self-Regulatory Organization Non Profit Partnership «Centre for Regulation in OTC Financial Instruments and Technologies» (SRO NP CRFIN) is a non-profit partnership which aims to create effective mechanisms of the Forex market regulation in Russia.
SRO NP CRFIN membership is available for individual entrepreneurs and legal entities which run a business of providing trading services in off-exchange financial instruments of the Forex market, software developers etc.