OCC Retail Foreign Exchange Proposed Rule

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On October 31, the OCC proposed to amend its retail foreign exchange rule for transactions with collective investment funds and insurance company separate accounts by treating them as if they were not retail customers under the retail forex rule because they are prudentially regulated, have prudentially regulated sponsors, and do not cater to retail investors. OCC Release.

Published In: Administrative Agency Updates, Finance & Banking Updates, Insurance Updates, International Trade Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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