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FX Global Code


The FX Global Code 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. It was developed by a partnership between central banks and market participants from 16 jurisdictions around the globe, including the Hong Kong Monetary Authority and the Treasury Markets Association (TMA). 

 

The purpose of the Global Code is to promote a robust, fair, liquid, open, and appropriately transparent market in which a diverse set of market participants, supported by resilient infrastructure, are able to confidently and effectively transact at competitive prices that reflect available market information and in a manner that conforms to acceptable standards of behaviour.

 

 

Statement of Commitment


A standardised "Statement of Commitment" is available by which market participants can demonstrate their recognition of, and commitment to adopting the good practices set forth in the FX Global Code.

 

For further information on FX Global Code and Statement of Commitment, please visit www.globalfxc.org.


For Global Index of Registers, please visit https://www.globalfxc.org/global_index.htm.

 


Public Register


The TMA is hosting a public register for market participants in Hong Kong to make their Statement of Commitment public.  Not limited to members of the TMA, the public register welcomes Statement of Commitment from all relevant market participants as defined by the FX Global Code in the Hong Kong market.  The TMA does not assume responsibility for (a) verifying the accuracy or validity of a market participant’s Statement of Commitment, (b) monitoring adherence to the Code by market participants listed in the register, or (c) verifying whether market participants are within the defined scope of market participants covered by the public register.

 

Market participants can make a request to the TMA for (i) listing their signed Statement of Commitment (in PDF format) on the public register, (ii) updating their Statement of Commitment on the public register, and (iii) removing their Statement of Commitment from the public register.  Market participants should use fxglobalcode@tma.org.hk to make such requests, and the processing time would be around 3 to 5 business days.  General enquiry about the public register should also be emailed to fxglobalcode@tma.org.hk.



How frequently should a Market Participant review/renew their Statement? 

The nature of an institution's business may change over time. Institutions that register a Statement of Commitment should consider what steps they will take to review their activities for alignment with the FX Global Code's principles. The steps taken should reflect the size and complexity of the institution's FX Market activities, and the nature of its engagement in the FX Market. Whereas some institutions may consider setting a regular schedule for review, others may vary their approach based on how their business changes over time.

It is anticipated that the FX Global Code will be updated from time to time to reflect emerging issues, changes in the FX Market, and feedback from market participants and others. Upon publication of future updates to the FX Global Code, institutions that have committed should consider renewing their Statement having regard to the nature of those updates, as well as the size and complexity of their FX Market activities, and the nature of their engagement in the FX Market. Upon renewing a Statement of Commitment a commitment to an earlier version of the FX Global Code will be removed from the Register.


   
Search criteria
Market participant name Market participant type
Market participant nameStatement dateMarket participant typeAdmission date to the register
Bank of China International Limited 27 Nov 2018 Bank 28 Nov 2018
Bank Of Singapore 28 Sep 2018 Bank 02 Oct 2018
Nippon Wealth Limited 27 Sep 2018 Bank 27 Sep 2018
Cathay United Bank Co., Limited, HK Branch 07 Sep 2018 Bank 10 Sep 2018
The Chiba Bank, Ltd., Hong Kong Branch 22 Aug 2018 Bank 24 Aug 2018
Agricultural Bank of China Limited, Hong Kong Branch 01 Aug 2018 Bank 02 Aug 2018
O-Bank Co., Ltd., Hong Kong Branch 30 Jul 2018 Bank 30 Jul 2018
Credit Industriel et Commercial, Hong Kong Branch 26 Jul 2018 Bank 02 Aug 2018
CTBC Bank Co., Ltd., Hong Kong Branch 10 Jul 2018 Bank 10 Jul 2018
Wing Lung Bank Limited 05 Jul 2018 Bank 05 Jul 2018
First Abu Dhabi Bank PJSC 26 Jun 2018 Bank 26 Jun 2018
Bank of China (Hong Kong) Limited 21 Jun 2018 Bank 21 Jun 2018
Natixis Hong Kong Branch 12 Jun 2018 Bank 13 Jun 2018
Shinhan Bank, Hong Kong Branch 06 Jun 2018 Bank 13 Jun 2018
ABN AMRO Bank N.V., Hong Kong Branch 31 May 2018 Bank 31 May 2018
Chang Hwa Commercial Bank, Ltd. Hong Kong Branch 31 May 2018 Bank 31 May 2018
Dah Sing Bank, Limited 31 May 2018 Bank 24 May 2018
KEB Hana Bank Hong Kong Branch 31 May 2018 Bank 31 May 2018
Mizuho Bank, Ltd., Hong Kong Branch 31 May 2018 Bank 30 May 2018
Nanyang Commercial Bank Limited 31 May 2018 Bank 31 May 2018
Sumitomo Mitsui Banking Corporation, Hong Kong Branch 31 May 2018 Bank 31 May 2018
Sumitomo Mitsui Trust Bank, Limited (HK Br) 31 May 2018 Bank 30 May 2018
Bangkok Bank Public Co Ltd., Hong Kong Branch 30 May 2018 Bank 30 May 2018
Bank of Communications (Hong Kong) Limited 30 May 2018 Bank 31 May 2018
Bank of Communications Co., Ltd. Hong Kong Branch 30 May 2018 Bank 31 May 2018
BCOM Finance (Hong Kong) Limited 30 May 2018 Bank 31 May 2018
CIMB Bank Berhad, Hong Kong Branch 30 May 2018 Bank 31 May 2018
First Commercial Bank 30 May 2018 Bank 30 May 2018
Taiwan Business Bank Hong Kong Branch 30 May 2018 Bank 31 May 2018
Shanghai Commercial Bank Limited 29 May 2018 Bank 31 May 2018
Wells Fargo 29 May 2018 Bank 31 May 2018
China CITIC Bank International Limited 28 May 2018 Bank 28 May 2018
EFG Bank AG, Hong Kong Branch 28 May 2018 Bank 28 May 2018
Hong Kong Monetary Authority 28 May 2018 Central bank 28 May 2018
ICBC Standard Bank Plc, Hong Kong Branch 28 May 2018 Bank 28 May 2018
Standard Chartered Bank (Hong Kong) Limited 28 May 2018 Bank 30 May 2018
E.Sun Commercial Bank, Ltd. 25 May 2018 Bank 28 May 2018
Mitsubishi UFJ Trust & Banking Corporation, Hong Kong Branch 24 May 2018 Bank 25 May 2018
Taiwan Shin Kong Commercial Bank Co., Ltd 23 May 2018 Bank 23 May 2018
Bank of New York Mellon 21 May 2018 Bank 29 May 2018
China Construction Bank (Asia) Corporation Ltd 21 May 2018 Bank 21 May 2018
China Construction Bank Corporation 21 May 2018 Bank 21 May 2018
Credit Suisse 21 May 2018 Bank 25 May 2018
Industrial Bank Company Limited, HK Branch 21 May 2018 Bank 21 May 2018
TD Securities 18 May 2018 Bank 31 May 2018
Malayan Banking Berhad Hong Kong Branch 17 May 2018 Bank 17 May 2018
Bank of East Asia, Limited (Hong Kong) 16 May 2018 Bank 29 May 2018
China Everbright Bank Co., Ltd., HK Branch 16 May 2018 Bank 18 May 2018
Taiwan Cooperative Bank, Ltd. 16 May 2018 Bank 17 May 2018
UBS AG 16 May 2018 Bank 31 May 2018
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