The Central Bank of Armenia will tighten the requirements for provision of investment services connected with leveraged transactions on FOREX. Henceforth, only professional clients, i.e. those with relevant experience and knowledge to assess the ensuing risks and make independent investment decisions, will be allowed to provide such services.
Non-professionals will be banned from providing investment services related to leveraged transactions on FOREX.
At the same time, the Bank said, mechanisms have been introduced to curb the risks for professional clients.
The CBA reminds that leverage transactions are risky and could result in the loss of investors’ money. Furthermore, it said investors can lose more than has been invested.