he cannot use the currency for that particular purpose he would sell it to an authorized dealer within 30 days. Regulatory rules are also in constant flux, and in the hopes of national authorities, persistently striving for positive change and a beneficial effect on wider market participants. Gov Financial Industry Regulatory Authority (finra) nra. Finma, finma is the independent financial markets regulator for Switzerland.
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Org New York Stock Exchange (nyse) m Office of the Comptroller of the Currency (OCC) eas. The Australian regulator sets out a rigorous list of criteria for firms wanting to acquire an AFS licence and operate within the country. RBI was given power to revoke the authorization in case of non-compliancy. For whatever purpose Foreign exchange is required it has to be used only for that purpose. Reasons Low foreign exchange (Forex) reserves Forex is a scarce commodity. The ISAs approach has been labelled by some as draconian and overly strict despite the rapid growth of Over the Counter (OTC) derivatives, FX/CFD trading and a parallel improvement in reporting via emir and MiFID. MiFID, as the cornerstone of the European commission financial services action plan MiFID or Markets in financial instruments directive has jurisdiction over 31 member states including Iceland and Norway.
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