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Conditions of Participation in the Association

Legal entities, business activities of which include provision of services with the use of ICT connected with operations with OTC financial instruments on the international foreign exchange (Forex) market and other markets, can apply for membership in the Association. Such business activities of legal entities may include:

  • Provision of individuals’ and legal entities’ operations on the Forex market (“Forex companies”)
  • Engaging clients for Forex companies in order to receive remuneration from them for operations of such clients, but without a right to keep accounts of such clients, to receive any kind of cash or other type of security to them and to make any kind of operations on their behalf on the Forex market, but not limited to it (“Representatives of Forex companies”)
  • Development and maintenance of software required for operations on the Forex market (“Software providers”)
  • Collection and provision of financial data, news and other information used for operations on the Forex market (“Information Providers”).

Association member candidates should comply with the rules and requirements of the Association’s Statute, with legislative and regulatory acts of Ukraine, with additional requirements to securing civil liabilities as well as with other obligatory rules contained in the Association’s documents.

Legal entities wishing to join the Associations should submit the following documents to the Association’s Board:

  1. Written application containing legal entity’s consent to its compliance with the Association’s Statute, with additional requirements to the order of guaranteeing material liabilities as well as with standards and rules contained in Association’s internal documents
  2. Original or the notarized copy of the Abstract from the State Enterprise Register of Ukraine (for Ukrainian companies)/ from a state register of legal entities (for foreign companies)
  3. Copy of the applicant company’s Statute bound and signed by the company’s director.
  4. Short description of the applicant company, its founders, history, major business activities and their specifics
  5. Written LoA to applicant company’s representative (-s) to act as such in Association’s governing bodies
  6. Document confirming payment of the entrance fee to the Association’s bank account.