Our Commitment to the FX Global Code

We are among the very few Independent Asset Managers to have issued a Statement of Commitment to the FX Global Code.

The FX Global Code is a comprehensive framework of global best practices in the foreign exchange market, designed to establish a unified set of guidelines that uphold the integrity and efficient operation of the wholesale foreign exchange market.

FX Global CODE

Developed collaboratively by the Bank for International Settlements (BIS), 16 central banks, and private sector stakeholders, this global standard is continuously maintained and updated by the Global Foreign Exchange Committee (GFXC).

Comprising 55 principles organized into six major categories, the FX Global Code sets a benchmark for excellence in the foreign exchange market:

Market Participants are expected to uphold ethical and professional conduct, fostering fairness and integrity in the FX Market.

Market Participants should implement sound governance structures that ensure clear responsibility and comprehensive oversight of their FX Market activities, promoting responsible engagement.

Market Participants must exercise care when negotiating and executing transactions, contributing to a robust, fair, open, liquid, and transparent FX Market.

Market Participants are required to communicate clearly and accurately while safeguarding Confidential Information, thus supporting effective communication and market transparency.

Market Participants are expected to establish and maintain a robust control and compliance environment, effectively identifying, managing, and reporting risks associated with their FX Market engagement.

Market Participants should implement reliable, efficient, transparent, and risk-mitigating post-trade processes to ensure predictable, smooth, and timely settlement of FX transactions.

The adoption of the Global Code elevates market standards and benefits all participants. Therefore, we have conducted a self-assessment to ensure alignment with the Global Code’s principles in our practices and processes within the wholesale foreign exchange market.

We have issued a Statement of Commitment to the FX Global Code to demonstrate our adherence to these principles. Furthermore, we strongly encourage all market participants, particularly commercial banks, to embrace the Global Code.

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