Disclosure.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (d) (e)(1) (i) The total number of retail forex customer accounts maintained by the banking institution over which the banking institution does not exercise investment discretion; (ii) The percentage of such accounts that were profitable for retail forex customer accounts during the quarter; and (iii) The percentage of such accounts that were not profitable for retail forex customer accounts during the quarter. (2) (ii) Each banking institution shall provide, upon request, to any retail forex customer or prospective retail forex customer the total number of retail forex accounts maintained by the banking institution for which the banking institution does not exercise investment discretion, the percentage of such accounts that were profitable, and the percentage of such accounts that were not profitable for each calendar quarter during the most recent five-year period during which the banking institution maintained such accounts. (f) (1) The amount of any fee, charge, spread, or commission that the banking institution may impose on the retail forex customer in connection with a retail forex account or retail forex transaction; (2) An explanation of how the banking institution will determine the amount of such fees, charges, spreads, or commissions; and (3) The circumstances under which the banking institution may impose such fees, charges, spreads, or commissions. (g) (1) A statement as to whether the banking institution will or will not retain the right to set off

official document · source cfr-2024 · id 12:§ 240.6