On December 3, 2021, State Administration of Foreign Exchange (SAFE) issued Guidelines on Foreign Exchange Market Transaction Norms(hereinafter referred to as “”the Norms”).

The Norms mainly specifying following contents:

• Scope
• all parties involved in the foreign exchange market
• Market participant actions
• must process customer transaction instructions or orders in a fair, transparent and honest manner
• eliminate or manage conflicts of interest such as
• using non-public information to engage in trading activities
• engaging in market manipulation or fraud
• Market participants should effectively identify and protect sensitive information
• Firms have a one-year transition period

If you have any question or any information needed on the topic, please contact:

assistant@bestao-consulting.com