State Administration of Foreign Exchange, Guidelines for Market Makers of the Interbank Foreign Exchange Market (Revised)

国家外汇管理局银行间外汇市场做市商指引 (修订)

May 11, 2013 | BY

CLP Temp &

SAFE removes capital adequacy ratio requriement for forex market makers.

Clp Reference: 3700/13.04.12 Promulgated: 2013-04-12 Effective: 2013-04-12

Issued: April 12 2013

Effective: as of date of issuance

Interpreting authority: State Administration of Foreign Exchange

Main contents: The revised Guidelines remove the requirements on capital adequacy ratio and cross-border receipts and payments on behalf of customers for spot trading and forward swap trading market makers of the interbank foreign exchange market (Article 7). For comprehensive market makers, there is no longer a requirement on capital adequacy ratio, but they are required to have obtained the qualifications of spot trading and forward swap trading market makers for at least three years (Article 8).

Repealed legislation: Guidelines for Market Makers of the Interbank Foreign Exchange Market, Aug 30 2010, CLP 2011 No.1 p.30

clp reference:3700/13.04.12 issued:2013-04-12 effective:2013-04-12

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