what should the authorities do to ensure that foreign brokers open representative offices in russia? - page 8
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You have 429 comments. Click on geratdc then the number 1015 and you'll see
That's right, it's just points. No problem)))
That's right, it's just points. No problem)))
Then we will summarise and send to the regulator in response to claims that forex should be banned.
My opinion is as follows
1. Create a preferential tax regime for Russian and foreign brokers Forex with offices in Russia to compete with the offshore, in exchange for higher taxes on income / profit tax on forex trading for individuals and legal entities from 13% and 20% respectively to 35%.
2) Study the general legislation in England, Australia, USA to regulate this area and apply it to increase the competitive environment / improve the quality of services provided.
Note: By the way have you seen English or US neo offshore brokers? I know one Australian offshore broker, a successful one at that, and I haven't come across any English/British or American offshore brokers yet. So, it may be of interest to look into the Australian legal system.
3. To establish for accredited brokers a separate nominal account with the Bank of Russia for clients, legal entities and individuals, and a direct dependence on the volume of the nominal accounts on the volume of funds attracted by the clients, legal entities and individuals, residents.
4 An obligatory condition of the accreditation of brokers should be the disclosure of information about aggregators/suppliers of liquidity and the availability of a mechanism for verification of quotes provided by the broker to the client terminal through Internet resources independent of the broker
5. A single financial ombudsman with state participation, to resolve disputes with clients, individuals and legal entities - residents of Russia, as the multitude of "manual" for brokers and self-regulatory organisations established by brokers themselves do not meet the requirements of objectivity and independence in resolving disputes with clients.
6. Introduceinto the law the notion of a liquidity (quotation) provider, the notion of an independent customer control mechanism for quotations and a requirement for mandatory disclosure of such information.
7. A broker shall not be entitled to claim compensation forlosses incurred by a broker in executing client's orders,exceeding the amount of client funds on deposit, if a broker provides the client with leverage for making trad es .
Share your suggestions. Then we will make an appeal to the regulator from the Russian traders' community.
:-) I liked it especially...
"If you don't respond, we'll write to the sports lotto" (C) Vladimir Semyonovich
No, I won't, because the Central Bank initially stuck to its opinion. I believe that it is the requirement of the legislation to provide 100 million rubles on the nominal account that prevents foreign brokers from legalizing in Russia. As a result, we have what we have - a lack of healthy competition in Russia and a reduction in the legal protection potential of Russian citizens when dealing with foreign brokers, as their financial disputes will eventually be resolved by their ombudsmen.
And then the Central Bank and the Ministry of Finance will come crawling in with a platter in their teeth and ask you to put it on a platter. then it will be possible to discuss with them as equals the lack of healthy competition in Russia and the reduced potential of legal protection for Russian citizens when dealing with foreign brokers, because their financial disputes will eventually be resolved by their ombudsmen. shall we try it?
Or it is possible to trade more, maybe even a billion dollars - then the central bank and the finance ministry will come crawling in with a platter in their teeth and ask
it may be easier to fall drunk off a bridge / under a train or smoke in bed.
nothing personal, it often happens that way
It's nothing personal, it often happens that way.
Do you need this?
I'm just suggesting that these approaches don't work.
it's more likely to fall drunk off a bridge/under a train or smoke in bed - it's easier that way
it's nothing personal, it often happens that way