United States:
NFA Increases Minimum Security Deposit For Forex Transactions Involving British Pound
14 November 2016
Cadwalader, Wickersham & Taft LLP
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The NFA notified Forex Dealer Members that the required minimum
security deposit for forex transactions involving the British pound
under
Section 12 of the NFA Financial Requirements will be increased
to 5%. The increase is effective immediately. The NFA explained
that the increase is related to events concerning
Brexit.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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