Encyclopedia

Activity of a Forex Dealer

13 October 2026, 16:25

Forex dealer activity refers to the activity of concluding, on its own behalf and at its own expense, with physical persons who are not individual entrepreneurs, outside of organized trading: contracts that are derivative financial instruments, the obligations under which depend on changes in the exchange rate of the relevant currency and (or) currency pairs, and a condition for concluding which is the provision by the forex dealer to a physical person who is not an individual entrepreneur of the opportunity to assume obligations the amount of which exceeds the amount of security provided by this physical person to the forex dealer; two or more contracts, the subject of which is foreign currency or a currency pair, the performance period of the obligations under which coincides, the creditor under the obligation in one of which is the debtor under a similar obligation in another contract, and the condition for concluding which is the provision by the forex dealer to a physical person who is not an individual entrepreneur of the opportunity to assume obligations, the size of which exceeds the size of the security provided by this individual to the forex dealer. Contracts referred to in the second and third paragraphs of this section may be concluded only with respect to currency that has digital and alphanumeric codes established by the federal executive authority responsible for providing state services, managing state property in the field of technical regulation and ensuring measurement uniformity (ceased to be effective as of 2019-06-17)¹.

1918.

Federal Law of April 22, 1996 No. 39-FZ "On the Securities Market", as amended on August 3, 2018, Article 4-1, paragraph 1, ceased to be in force from June 17, 2019 // RSZ RF. 1996. No. 17. Art. ↩

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