Competent institutions have launched measures for discovering and imposing fines on natural persons who conduct unauthorized online trading and investing in securities on foreign markets, which is banned according to the Law on Foreign Exchange Operations, Ministry of Finance, NBRM and the Securities and Exchange Commission announced today.
Skopje, 16th August 2014 (MIA) – Competent institutions have launched measures for discovering and imposing fines on natural persons who conduct unauthorized online trading and investing in securities on foreign markets, which is banned according to the Law on Foreign Exchange Operations, Ministry of Finance, NBRM and the Securities and Exchange Commission announced today.
We would like to inform the public that the Republic of Macedonia, pursuant to the Law on Foreign Exchange Operations, natural persons – residents of the Republic of Macedonia, are banned from investing in foreign securities. Therefore, online trading, i.e. investing in shares, bonds, instruments on the money market, derivative financial instruments and other financial instruments on foreign financial markets is forbidden, being indicated in today’s press release of the institutions.
It is also added that there has been recent inflow of offers for profit by online trading, promising big profits and additional funds for investing, aimed at easier attraction of potential investors.
Online trading itself brings numerous risks and can lead to huge losses for investors. So as to prevent such trading, the competent bodies have started to undertake measures for discovering and imposing fines on natural persons who conduct unauthorized online trading and investing, the press release states.
Competent institutions remind that the fines for natural persons investing in foreign securities in this manner range between EUR 1,500 and EUR 3,000.
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