Rules of obtaining the FMRRC Certificate

To obtain the Certificate of compliance a financial organization shall:

• file an application in accordance with the set form for certification of services provided.
• provide the necessary documents: license, certificates required in accordance with the set requirements as well as documents regulating interaction of applicant company and customers.
• conclude an agreement for the certification of services.
• pay for the certification services.

Subsequently FMRRC conducts the following:

• considers an application within 5 business days and announces its decision concerning the conditions and rules of conducting the certification;
• collects information regarding the applicant company and conducts evaluation of brokerage services compliance with set requirements;
• makes a decision regarding issuing or denial of issuing the certificate;
• processes and registers the certificate of compliance (in case of a positive decision);
• issues the certificate to the applicant.