Read more about the Bank of England renewed Statement of Commitment to the FX Global Code.
The Bank of England announced on 18 March that it has reviewed the content of the revised FX Global Code, published in July 2021, and renewed its Statement of Commitment to the Code.
Please see the communication details below and the Statement of Commitment:
The Bank of England (BoE) has renewed the Statement of Commitment to the FX Global Code (‘Code’) based on the revised Code dated July 2021. The Code sets out principles of good practice in the foreign exchange market. It was first published in 2017 and updated by the Global Foreign Exchange Committee (GFXC). By signing this Statement, the BoE attests that its internal processes are consistent with the principles of the Code.
To continue to support the objective of the Code for a fair, transparent and robust FX market underpinned by high standards, the Bank strongly encourages all market participants, including its regular counterparties, to adhere and commit to the updated Code.
statement-of-commitment-to-the-fx-global-code.pdf
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As our members are longstanding proponents and influencers of the highest standards of ethical and professional conduct, ²ÝÝ®tv FMA welcomes this announcement from the Bank of England and the Association remains committed to promoting adherence to all initiatives that aim to implement the adoption of good market practices in the roles of financial markets professionals.
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