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20 Jan 2016

List of Forex companies to be developed in Belarus

MINSK, 20 January (BelTA) – The list of Forex companies will be compiled in Belarus. The decision is contained in resolution No.761 of the Board of the National Bank signed on 22 December 2015. The document was published on Belarus’ National Legal Internet Portal on 20 January, BelTA informs.

The register will be kept by the National Bank and will be available on its website. Apart from the general information on companies, the register will include information on cessation, suspension, and resumption of activity by a legal entity on the Forex market, adopted decisions (requirements and orders) with respect to monitoring measures on the OTC market.

Once included into the list, the company will get a certificate and an ID card. In order to introduce amendments into the register, within 10 working days the legal entity will have to send the corresponding application to the National Bank and provide copies of the documents if necessary.

The document also provides information on the form of the application necessary to get included into the register of Forex companies.

The resolution will enter force on 7 March 2016.

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