Felix Pinkston
Nov 05, 2025 23:49
The Hong Kong Financial Authority renews its pledge to the FX World Code, reinforcing its dedication to sustaining integrity within the international change market.
The Hong Kong Financial Authority (HKMA) has reaffirmed its dedication to the FX World Code by issuing a renewed Assertion of Dedication, in response to Hong Kong Financial Authority. The assertion underscores HKMA’s dedication to adhering to the ideas outlined within the Code, significantly in mild of the December 2024 updates by the World Overseas Trade Committee (GFXC).
FX World Code Overview
The FX World Code is a complete set of pointers aimed toward selling integrity and efficient functioning within the wholesale international change (FX) market. It was initially developed by a coalition of central banks and market individuals from varied jurisdictions, together with Hong Kong. Initially revealed in Could 2017, the Code has undergone revisions, with vital updates in July 2021 and December 2024.
HKMA’s Dedication Historical past
The HKMA first issued its Assertion of Dedication to the FX World Code in Could 2018. This dedication was renewed in July 2022 to align with ongoing updates to the Code. The most recent renewal continues this custom, demonstrating the HKMA’s proactive strategy to making sure that its operations as a market participant are according to world finest practices.
Collaboration and Future Outlook
The HKMA stays actively engaged with the GFXC and different member establishments to advertise widespread adherence to the FX World Code. This collaboration is pivotal in sustaining a sturdy and moral world FX market. Extra details about the most recent model of the Code and the GFXC’s actions may be discovered on the official GFXC web site.
Picture supply: Shutterstock
