INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of January 25, 2017 No. 4270-U

About the list obligatory for development by the self-regulatory organizations in the field of the financial market combining Forex dealers, basic standards and requirements to their content and also about the list of transactions (content of types of activity) Forex dealers in the financial market, standardization subjects

This Instruction based on part 2 of article 5 of the Federal Law of July 13, 2015 No. 223-FZ "About self-regulatory organizations in the field of the financial market" (The Russian Federation Code, 2015, No. 29, Art. 4349; 2016, No. 27, the Art. 4225) establishes the list obligatory for development by the self-regulatory organizations in the field of the financial market combining Forex dealers (further - self-regulatory organizations), basic standards and the requirement to their content, and also the list of transactions (content of types of activity) Forex dealers in the financial market, standardization subjects.

1. Self-regulatory organizations shall develop the following basic standards:

on risk management;

corporate management;

protection of the rights and interests of physical persons and legal entities - receivers of the financial services rendered by members of self-regulatory organizations;

making of transactions in the financial market.

2. The basic standard on risk management developed by self-regulatory organizations shall contain:

2.1. the purposes and tasks of risk management system Forex dealer, and also set of methods and the methods allowing to predict Forex dealer with certain accuracy emergence of risks and to take the measures directed to minimization of their effects;

2.2. requirements about respect for the principles and approaches to the organization of the risk management system including identification, monitoring is risk also risk management, providing:

continuity of risk management process;

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