Foreign Exchange Compliance For Emails & Websites

The self regulatory foreign exchange organization has laid down certain guidelines regarding emails and websites, known as foreign exchange compliance for emails & websites. It is important for traders to be aware of this forex compliance for emails and websites. Presented here is the list of the main points taken from the general self examination checklist for the category of the emails and websites compliance for foreign exchange. Read on the below presented information to have a better understanding about the foreign exchange compliance for emails & websites set by the regulatory body to be followed by all foreign exchange traders.

Let us have a quick review of the important points starting with the Emails compliance:

• The firm must ensure that there are well defined written procedures in order to carry out the review of the use of futures-related e-mail by employees and agents which can be identified by the designation or the position of the person responsible for conducting the review.

• Also, the following points need to be considered while establishing procedures regarding foreign exchange compliance for emails & websites.

1. It should be properly defined what is the frequency with which e-mails will be reviewed and how that review is how to be written?

2. There must be well defined category defining the type of e-mails which are going to be pre-reviewed and post reviewed.

• It must be ensured that all the emails are in compliance with the regulatory body’s promotional material content and review procedures.

Continuing with the emails and websites compliance for foreign exchange, here are the guidelines for the email category:

• The written procedures need to be established for the purpose of supervision of the preparation and use of various web sites.
• A prior review and approval of a website by an appropriate supervisor should be done as stated in the forex compliance for emails and websites.
• There must be a proper documentation of the website review carried out by the supervisor.
• It must be ensured that the web site is in accordance with the standards of content established.
• It must also be ensured that the paid hyperlinks to the firm’s web site do not contain any kind of deceptive information about foreign exchange trading.
• There should be a regular monitoring of the general content of the web site to which the member sites link.