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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

For Global Index of Registers, please visit


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 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

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.

There are currently 105 statement of commitment (as of 09 Nov 2020).

Search criteria
Market participant name Market participant type
Market participant nameStatement dateMarket participant typeAdmission date to the registerDisclosure cover sheets (for liquidity providers and FX platforms)
Bank of Dongguan Co.,Ltd Hong Kong Branch 11 May 2022 Bank 11 May 2022
Bank SinoPac Hong Kong Branch 10 May 2022 Bank 10 May 2022
Taiwan Shin Kong Commercial Bank Co., Ltd 10 May 2022 Bank 23 May 2018
Coöperatieve Rabobank U.A. 09 May 2022 Bank 11 Apr 2018
Taishin International Bank, Hong Kong Branch 04 May 2022 Bank 04 May 2022
Woori Bank Hong Kong Branch 04 May 2022 Bank 03 May 2018
TD Securities 29 Apr 2022 Bank 31 May 2018 Click Here
Credit Industriel et Commercial, Hong Kong Branch 28 Apr 2022 Bank 02 Aug 2018
China Minsheng Banking Corporation HK branch 27 Apr 2022 Bank 22 Dec 2017
MUFG Bank,Ltd., Hong Kong Branch 22 Apr 2022 Bank 19 Apr 2018
Agricultural Bank of China Limited, Hong Kong Branch 19 Apr 2022 Bank 02 Aug 2018
Bank of Montreal Capital Markets 08 Apr 2022 Bank 30 Apr 2018
Industrial and Commercial Bank of China (Asia) Limited 07 Apr 2022 Bank 08 Apr 2022
Citibank (Hong Kong) Limited 06 Apr 2022 Bank 14 Mar 2018
Sumitomo Mitsui Trust Bank, Limited (HK Br) 31 Mar 2022 Bank 30 May 2018
Bank J. Safra Sarasin Ltd, Hong Kong Branch 14 Mar 2022 Bank 16 Apr 2018
Mizuho Bank, Ltd., Hong Kong Branch 10 Mar 2022 Bank 30 May 2018
Taiwan Cooperative Bank, Ltd. 04 Mar 2022 Bank 17 May 2018
UBS Investment Bank 17 Feb 2022 Bank 31 May 2018 Click Here
Bangkok Bank Public Co Ltd., Hong Kong Branch 21 Jan 2022 Bank 30 May 2018
The Shanghai Commercial & Savings Bank, Ltd., HK Branch 07 Jan 2022 Bank 17 Jan 2022
UniCredit Bank AG Hong Kong Branch 04 Jan 2022 Bank 04 Jan 2022
NongHyup Bank Hong Kong Branch 03 Jan 2022 Bank 04 Jan 2022
Bank Julius Baer & Co. Ltd. 22 Oct 2021 Bank 17 Jan 2022
Habib Bank Zurich (Hong Kong) Limited 18 May 2021 Bank 18 May 2021
Bank of Shanghai (Hong Kong) Limited 01 Sep 2020 Bank 08 Sep 2020
Union Bancaire Privée, UBP SA Hong Kong Branch 06 Apr 2020 Bank 14 Apr 2020
Mega International Commercial Bank Co. Ltd., Manila Branch 04 Dec 2019 Bank 10 Dec 2019
CMB Wing Lung Bank Limited 08 Jul 2019 Bank 08 Jul 2019
Taipei Fubon Commercial Bank Co., Ltd, Hong Kong Branch 26 Mar 2019 Bank 26 Mar 2019
The Chugoku Bank Ltd. 27 Dec 2018 Bank 28 Dec 2018
Far Eastern International Bank, HK Branch 24 Dec 2018 Bank 24 Dec 2018
Intesa Sanpaolo S.p.A. 21 Dec 2018 Bank 12 Apr 2019
KASIKORNBANK PCL, Hong Kong Branch 19 Dec 2018 Bank 20 Dec 2018
KDB Asia Limited 19 Dec 2018 Bank 19 Dec 2018
The Hachijuni Bank Ltd. Hong Kong Branch 19 Dec 2018 Bank 19 Dec 2018
Cathay Bank, Hong Kong Branch 18 Dec 2018 Bank 18 Dec 2018
The Siam Commercial Bank PCL HK Branch 17 Dec 2018 Bank 18 Dec 2018
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
Allied Banking Corporation (Hong Kong) Limited 22 Aug 2018 Bank 21 Dec 2021
The Chiba Bank, Ltd., Hong Kong Branch 22 Aug 2018 Bank 24 Aug 2018
O-Bank Co., Ltd., Hong Kong Branch 30 Jul 2018 Bank 30 Jul 2018
CTBC Bank Co., Ltd., Hong Kong Branch 10 Jul 2018 Bank 10 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