Regulatory Alerts2012-03-22
Activity on the Futures Contracts and Options (MAOF) Market
The Supervisor of Banks mandates that banking corporations conducting activities in the MAOF market must adhere to stock market regulations and specific internal organizational and procedural controls. The directive requires banks to establish professional arrangements, define exposure limits, and implement strict supervision frameworks for customer activities and associate member services. Additionally, a comprehensive exposure cap is imposed, limiting a bank's net obligations to the MAOF Clearing House to 30% of its capital.
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