Financial Commission Unveils New Voice Risk Disclosure Requirements
- The suggested disclosures should be made before January 25th 2017.
In a recent set of proposed regulations, the Financial Commission (FinaCom PLC), an industry-specific dispute resolution service that caters to the financial services industry, is planning new voice risk disclosure requirement to protect investors from being misled.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong
In the drive to improve investor confidence in the Commission’s role, the enhanced disclosure requirement has revisited and updated the principles outlined in its Rule 6.2 of Membership Rules and Guidelines.
Pointing out that the self-regulator’s rules places responsibility on each member to notify traders about risks associated with advisory service, FinaCom will lead a task force that will develop additional voluntary financial risk disclosure to ensure that such risks are reflected in the corporate statements.
Since it considers disclosure of trading risks a crucial component of a functioning financial market, the operator of FinancialCommission.org requires the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi and binary options industry, as well independent technology providers to provide clients with verbal or oral disclosure that ensures they understand the risks posed by Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone .
In particular, the new rules require the commission’s members to obtain a written and voice acceptance from each client to acknowledge that he is aware of relevant risks of relying on or considering investment advice.
The suggested disclosures should be made before January 25th 2017 and members seeking to build trust and transparency must adopt new Voice Risk Disclosure Requirements till that date.
Financial Commission is an external dispute resolution organisation which is supported by the Dispute Resolution Committee (DRC), which in turn is comprised of recognized industry professionals. FinaCom is an independent international service that guarantees honest and timely resolution of any disputes with the aim of resolving trader-broker conflicts.
In a recent set of proposed regulations, the Financial Commission (FinaCom PLC), an industry-specific dispute resolution service that caters to the financial services industry, is planning new voice risk disclosure requirement to protect investors from being misled.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong
In the drive to improve investor confidence in the Commission’s role, the enhanced disclosure requirement has revisited and updated the principles outlined in its Rule 6.2 of Membership Rules and Guidelines.
Pointing out that the self-regulator’s rules places responsibility on each member to notify traders about risks associated with advisory service, FinaCom will lead a task force that will develop additional voluntary financial risk disclosure to ensure that such risks are reflected in the corporate statements.
Since it considers disclosure of trading risks a crucial component of a functioning financial market, the operator of FinancialCommission.org requires the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi and binary options industry, as well independent technology providers to provide clients with verbal or oral disclosure that ensures they understand the risks posed by Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone .
In particular, the new rules require the commission’s members to obtain a written and voice acceptance from each client to acknowledge that he is aware of relevant risks of relying on or considering investment advice.
The suggested disclosures should be made before January 25th 2017 and members seeking to build trust and transparency must adopt new Voice Risk Disclosure Requirements till that date.
Financial Commission is an external dispute resolution organisation which is supported by the Dispute Resolution Committee (DRC), which in turn is comprised of recognized industry professionals. FinaCom is an independent international service that guarantees honest and timely resolution of any disputes with the aim of resolving trader-broker conflicts.