On 15 June 2018, Order #107/04 of the President of the National Bank of Georgiawas published in the Legislative Herald of Georgia.
• The Order approved additional regulatory rules for brokerage firms involved in the
trading with high-risk financial instruments.
• According to the Order, the aforementioned rules determine the issues related to theNational Bank of Georgia regulating the activities of the brokerage firms, which are
involved in the trading in high-risk financial instruments by using the contracts for difference (CFDs) and binary options.
• Pursuant to the Order, the rules apply specifically to trade in high-risk financial instruments and do not affect any other types of instruments the concerned firms
might have.
• The Order obliges the licensed brokerage firms to fulfil the requirements provided for in these rules within 1 month after the Order becomes effective.
• The Order became effective immediately upon its publication.
Source : EY Georgia
