(a) Supervision by the banking institution. A banking institution engaging in retail forex transactions shall
diligently supervise the handling by its officers, employees, and agents (or
persons occupying a similar status or performing a similar function) of all
retail forex accounts carried, operated, or advised by the banking
institution and all activities of its officers, employees, and agents (or
persons occupying a similar status or performing a similar function) relating
to its retail forex business.
(b) Supervision by officers, employees, or agents. An officer, employee, or agent of a banking institution must diligently
supervise his or her subordinates’ handling of all retail forex accounts at
the banking institution and all the subordinates’ activities relating to the
banking institution’s retail forex business.
