Regulation NN Policy
This Regulation NN Policy addresses how a bank, credit union, fintech company, or other type of financial institution adheres to Regulation NN – “Retail Foreign Exchange” to ensure that a financial institution maintains an effective program for the management of retail foreign exchange (forex) transactions in accordance with all applicable laws, rules, and regulations.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Structure of Accountability – Topic 4
- Prohibited Transactions – Topic 5
- Regulatory Approval and Filing Procedures – Topic 6
- Application and Close-Out – Topic 7
- Disclosure – Topic 8
- Capital and Margin Requirements – Topic 9
- Reporting to Customers – Topic 10
- Unlawful Representations – Topic 11
- Authorization to Trade – Topic 12
- Trading and Operational Standards – Topic 13
- Notice of Transfers – Topic 14
- Customer Dispute Resolution – Topic 15
- Reservation of Authority – Topic 16
- Audit Policy – Topic 17
- Staff Training – Topic 18
- Retention of Documentation – Topic 19
This Regulation NN Policy (approximately 28 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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