Which topic is covered in Part 349?

Part 349 specifically addresses Retail Foreign Exchange Transactions. This regulation outlines the standards and requirements that govern the conduct of financial institutions engaged in retail forex transactions with their customers. It is essential for ensuring consumer protection, requiring fair practices, and instituting compliance measures to safeguard the interests of retail customers.

Understanding the importance of this regulation is vital, as it establishes the framework for how retail foreign exchange markets operate, including aspects like pricing, execution, and disclosures to customers. This regulation is particularly relevant as the retail forex market has grown significantly, necessitating clear guidelines for both institutions and consumers.

Other topics listed, while significant in their respective areas, fall outside the scope of Part 349. Topics such as proprietary trading, nondiscrimination on the basis of disability, and suspicious activity reports pertain to different regulatory frameworks and are covered under other parts of financial regulation rather than being specifically addressed in Part 349.