Exness prepares for regulation in Russia

December 10, 2015

Dear clients and partners,

At the beginning of next year, a law regulating the forex market will take effect in Russia, and Exness Group is taking steps to prepare to be licensed. One such step is to create a company in the form of a forex dealer and withdraw the former Russian company from membership in SRO NP CRFIN. A notice of withdrawal was submitted for review on December 7. "During preparation for licensing, Exness Group is rotating the companies in the SRO, pursuant to the regulator's requirements. Exness LLC, which until now has represented the interests of Exness Group in Russia, will leave CRFIN. At the beginning of next year, we plan to create a new company in the form of a forex dealer and submit an application to be licensed in the first half of 2016 with membership in a SRO that has been accredited by the regulator", said Exness LLC General Director Oleg Okhrimets.

Exness is setting for itself a goal of continuous development both in terms of improving the quality of the services offered to traders and in terms of growth in the professional and business environment. "We have all the necessary resources to operate under the new standards and are interested in doing so immediately," said Exness Group General Director Petr Valov.

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