Trading and operational standards.

CFR · 2024-01-01 · US · Title 12

(a) (1) Ensure, to the extent reasonable, that each order received from a retail forex transaction that is executable at or near the price that the FDIC-supervised insured depository institution has quoted to the retail forex customer is entered for execution before any order in any retail forex transaction for (i) A any proprietary account; (ii) An account in which a related person has an interest, or any account for which such a related person may originate orders without the prior specific consent of the account owner if the related person has gained knowledge of the retail forex customer's order prior to the transmission of an order for a proprietary account; (iii) an account in which such a related person has an interest, if the related person has gained knowledge of the retail forex customer's order prior (iv) an account in which such a related person may originate orders without the prior specific consent of the account owner if the related person has gained knowledge of the retail forex customer's order prior to the transmission of an order for a proprietary account. (2) Prevent FDIC-supervised insured depository institution related persons from placing orders, directly or indirectly, with another person in a manner designed to circumvent the provisions of paragraph (a)(1) of this section; (3) Fairly and objectively establish settlement prices for retail forex transactions; and (b) (c) (1) Receives written authorization from a person designated by the other retail for

official document · source cfr-2024 · id 12:§ 349.25