Leveraged foreign exchange trading exemption

TYPE 3: LEVERAGED FOREIGN EXCHANGE TRADING ‘Leveraged foreign exchange trading’ means: i. entering into or offering to enter into, or inducing or attempting to induce a person to enter into or to offer to enter into, a leveraged foreign exchange contract; ii. providing any financial accommodation to facilitate foreign exchange trading Trading / broking index or commodities futures for clients; Buying / selling futures contracts for clients; Type 3: Leveraged foreign exchange trading: Buying / selling foreign exchange for clients on a margin basis Type 4 Advising on securities Giving investment advice to clients relating to the sale / purchase of securities

3. —(1) Subject to paragraph (2), an exempt financial institution dealing in contracts for differences or spot foreign exchange contracts for the purpose of leveraged exchange trading must obtain from its customers margin that meets the minimum margin requirements in respect of each contract for differences or spot foreign exchange contract for the purpose of leveraged exchange trading (as that are excluded from the definition of “leveraged foreign exchange trading” in Part 2 of Schedule 5 to the Securities and Futures Ordinance (SFO) (5 of 2002). Proposal 2. The SFC proposes to make the Securities and Futures (Leveraged Foreign Exchange Trading - Exemption) Rules, now in draft at Annex 1, under section 397(1) of the SFO. A broker-dealer which is licensed to conduct product financing or which offers contracts for differences or spot foreign exchange contracts for the purposes of leveraged foreign exchange trading is required to collect margins from the investors. Corporate finance adviser: The base capital requirement is S$250,000. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. The CFTC wants leveraged trading transactions for American retail traders conducted on-exchange so the exchange may act as the counterparty to both buyer and seller, who otherwise do not know each

SECURITIES AND FUTURES (LEVERAGED FOREIGN EXCHANGE. TRADING - EXEMPTION) RULES. (Made by the Securities and Futures Commission.

30 Jan 2020 Those of you living in Hong Kong who want to start Forex trading would be has to be licensed or registered with the SFC unless it is exempt. Carrying out a regulated activity, such as leveraged foreign exchange trading  and leveraged foreign exchange trading intermediaries, supervising and Kong, has to be licensed by the SFC or fall within one of the licensing exemptions . Leverage. Up to 1:30*. www.icmcapital.co.uk. ICM Capital EU. Regulator In Forex trading all currencies are traded in pairs, with the 'base' currency being the from accepting any further requests from the Client to be exempted from SWAP. 17 Jan 2020 Leveraged foreign exchange trading is regulated by the Monetary by those with a capital markets services licence, unless they are exempted. Find out how FX markets work and what forex trading involves. to know about forex, including what it is, how you trade it and how leverage in forex works. SECURITIES AND FUTURES (LEVERAGED FOREIGN EXCHANGE TRADING - EXEMPTION) RULES (Made by the Securities and Futures Commission under section 397(1) of the Securities and Futures Ordinance (5 of 2002)) 1. Commencement These Rules shall come into operation on the day appointed for the

Leverage. Up to 1:30*. www.icmcapital.co.uk. ICM Capital EU. Regulator In Forex trading all currencies are traded in pairs, with the 'base' currency being the from accepting any further requests from the Client to be exempted from SWAP.

13 Dec 2018 To print the whole chapter in HTML, please click at the bottom of the TOC panel and then click . Please set the page orientation to “Landscape”  13 Dec 2018 Securities and Futures (Leveraged Foreign Exchange. Trading—Exemption) Rules. (Cap. 571 sub. leg. E). Contents. Section. Page. 1. (Omitted  Futures (Leveraged Foreign Exchange Trading – Exemption) Rules). *. Note: A ' qualifying credit rating' is defined as a Moody's Investors Service rating of A3 or  24 Jan 2020 1.2. Statutory exemption from the Securities and Futures. Ordinance. 2. Conduct of leveraged foreign exchange trading activities. 2.1. General 

Securities and Futures (Leveraged Foreign Exchange Trading---Exemption) Rules (Made by the Securities and Futures Commission under section 397(1) of the Securities and Futures Ordinance (Cap. 571)) 1. Commencement These Rules shall come into operation on the day appointed for the commencement of the Securities and Futures Ordinance (Cap. 571). 2.

Leverage is widely used throughout the global markets, not just to acquire physical assets like real estate or automobiles, but also to trade financial assets such as equities and foreign exchange Securities and Futures (Leveraged Foreign Exchange Trading---Exemption) Rules (Made by the Securities and Futures Commission under section 397(1) of the Securities and Futures Ordinance (Cap. 571)) 1. Commencement These Rules shall come into operation on the day appointed for the commencement of the Securities and Futures Ordinance (Cap. 571). 2. Margin and leverage are among the most important concepts to understand when trading forex. These essential tools allow forex traders to control trading positions that are substantially greater in size than would be the case without the use of these tools. At the most fundamental level, margin is the amount of money in a trader's account that is required as a deposit in order to open and rules, codes of conduct and guidance notes related to leveraged foreign exchange trading. Paper 2 tests the practical knowledge about the development, operations and practices of the foreign exchange market, market analysis and risk involved in leveraged foreign exchange trading. Sets out the margin requirements in respect of contracts for differences and spot foreign exchange contracts for the purposes of leveraged foreign exchange trading for banks, merchant banks and finance companies.

13 Dec 2018 To print the whole chapter in HTML, please click at the bottom of the TOC panel and then click . Please set the page orientation to “Landscape” 

Citibank Foreign Currency Leveraged Investment can help investors increase their Citi Mobile® the No.1 Stock Trading Platform* A New Era to Stock. This guide provides an overview of forex transactions and associated currency futures and options transactions as well as certain leveraged foreign currency  30 Jan 2020 Those of you living in Hong Kong who want to start Forex trading would be has to be licensed or registered with the SFC unless it is exempt. Carrying out a regulated activity, such as leveraged foreign exchange trading  and leveraged foreign exchange trading intermediaries, supervising and Kong, has to be licensed by the SFC or fall within one of the licensing exemptions . Leverage. Up to 1:30*. www.icmcapital.co.uk. ICM Capital EU. Regulator In Forex trading all currencies are traded in pairs, with the 'base' currency being the from accepting any further requests from the Client to be exempted from SWAP.

This guide provides an overview of forex transactions and associated currency futures and options transactions as well as certain leveraged foreign currency  30 Jan 2020 Those of you living in Hong Kong who want to start Forex trading would be has to be licensed or registered with the SFC unless it is exempt. Carrying out a regulated activity, such as leveraged foreign exchange trading  and leveraged foreign exchange trading intermediaries, supervising and Kong, has to be licensed by the SFC or fall within one of the licensing exemptions . Leverage. Up to 1:30*. www.icmcapital.co.uk. ICM Capital EU. Regulator In Forex trading all currencies are traded in pairs, with the 'base' currency being the from accepting any further requests from the Client to be exempted from SWAP.