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 FX market. It was developed by a partnership between central banks and market participants from 16 jurisdictions around the globe.
A key part of the FX Global Code is the Statement of Commitment. This is a single, common basis by which market participants can demonstrate their commitment to adhere to the FX Global Code.
For more information about the FX Global Code and the Statement of Commitment, please see the Global Foreign Exchange Committee website.
The SFEMC is hosting a public register where Singapore-based market participants can publish their Statement of Commitments. The SFEMC public register is a participating public register on the Global Index of Public Registers, which acts as a central location that links various public registers, providing a comprehensive view of market participants’ commitment to good practices.
Singapore-based market participants interested to publish their Statement of Commitments on the SFEMC public register can write to SFEMC_SURVEY@mas.gov.sg.
The SFEMC does not assume responsibility for (a) verifying the accuracy or validity of a market participant’s Statement of Commitment; or (b) monitoring adherence to the Code by market participants.