Prohibition on proprietary trading: banks must transact in exchange traded currency futures and options only for clients. AD Category I banks are prohibited from proprietary trading in exchange traded currency futures and currency options; any transactions in these markets must be conducted solely on behalf of clients. The prohibition is effective immediately, remains until further notice, is issued under the foreign exchange regulatory framework, and does not affect other permissions or approvals required under other laws.
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Provisions expressly mentioned in the judgment/order text.
Prohibition on proprietary trading: banks must transact in exchange traded currency futures and options only for clients.
AD Category I banks are prohibited from proprietary trading in exchange traded currency futures and currency options; any transactions in these markets must be conducted solely on behalf of clients. The prohibition is effective immediately, remains until further notice, is issued under the foreign exchange regulatory framework, and does not affect other permissions or approvals required under other laws.
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