The Commodity Futures Trading Commission has published final rules for the regulation of off-exchange retail foreign exchange transactions (retail FX). The regulations are effective October 18, 2010. The new retail FX rules involve a broad scheme of registration, disclosure, recordkeeping, financial reporting and minimum capitalization. The new regulatory framework was intended to apply the existing rules for on-exchange futures trading to retail FX in a manner that is as similar as practical.

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Source: Foreign Currency Alert
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