Code of Conduct

FX Global Code

A global code of conduct for the wholesale foreign exchange (FX) market was released on May 25, 2017. Along with the release, Tokyo Foreign Exchange Market Committee released “Local Standards in Tokyo FX Market: Supplementary provisions to the FX Global Code” for Tokyo FX market participants.

Press release
FX Global Code
Report on Adherence to the FX Global Code
Statement by BIS GEM Governors
Joint statement by Foreign Exchange Committees
Local Standards in Tokyo FX Market:
Supplementary provisions to the FX Global Code


Global Preamble: Codes of best market practice and shared global principles

The eight foreign exchange committees in the major financial centres (Japan, US, Euro area, UK, Australia, Canada, Hong Kong, Singapore) have worked together and released a revised “Global Preamble: Codes of best market practice and shared global principles” on 30 March 2015.

press release
Global Preamble: Codes of Best Market Practice and Shared Global Principles