ASSIOM FOREX informs that as of May 25, 2017 the Foreign Exchange Global Code is available: Fx Global Code.
The FX Global Code, starting from an initiative of the Bank for International Settlements (BIS), is the result of the collaboration of Central Banks and private sector: it is a set of global principles of good practice in the foreign exchange market, developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market.
The FX Global Code does not impose legal or regulatory obligations on Market Participants, nor does it substitute for regulation, but rather it is intended to serve as a supplement to any and all local laws, rules and regulations by identifying global good practices and processes.
Bank of Italy published a Summary on the Foreign Exchange Global Code.
Using the “Statement of Commitment“, Market Participants can demonstrate their recognition of, and commitment to adopting the good practices set forth in the FX Global Code.
Adherence to the FX Global Code can be achieved filling the “Statement of Commitment” and sending it to ASSIOM FOREX (email@example.com).
All Statements will be uploaded and available in a public register, hosted by ASSIOM FOREX.
|Market participant name||Date of admission||Statement of commitment||Date of Statement||Participant Type||Local Register|
|Wood & Company||2018-04||2018-04-19||Broker or investment adviser||ASSIOMFOREX|
|Banca Popolare di Sondrio||2018-05||2018-05-29||Bank||ASSIOMFOREX|
Periodically, and after any comprehensive review of the Code by the GFXC, Market Participants may wish to renew their Statement and share it with the registers on which they publish. If you wish for your institution to be removed from the ASSIOM FOREX Register, please send an email to firstname.lastname@example.org.