RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of February 12, 2016 No. 69

About approval of the Instruction about establishment of requirements to the organization of internal control and risk management in Forex companies, National Forex center

Based on the paragraph of the third Item 10, of the paragraph of the fifteenth Item 17 of the Presidential decree of the Republic of Belarus of June 4, 2015 "About implementation of activities in the Forex curb market" and parts one of article 39 of the Bank code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES: No. 231

1. Approve the enclosed Instruction about establishment of requirements to the organization of internal control and risk management in Forex companies, National Forex center.

2. This resolution becomes effective since March 7, 2016.

Approved by the Resolution of Board of National Bank of the Republic of Belarus of February 12, 2016 No. 69

The instruction about establishment of requirements to the organization of internal control and risk management in Forex companies, National Forex center

Chapter 1. General provisions

1. This Instruction establishes requirements to the organization of internal control and risk management in Forex companies, National Forex center.

2. For the purposes of this Instruction following terms are used in the following values:

internal control - process, the performed Forex companies, National Forex center for the purpose of ensuring effective activities in the Forex curb market according to requirements of the legislation and local regulatory legal acts Forex companies, National Forex center;

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