FX Global Code

The FX Global Code (Code) applies to the wholesale foreign exchange (FX) market globally. It sets out principles that promote a robust, fair, liquid, open, and appropriately transparent FX market, underpinned by high ethical standards. The Code was developed through a collaborative process between the Bank for International Settlements’ Foreign Exchange Working Group and private sector market participants (see here).

MAS has issued its Statement of Commitment to the Code. This demonstrates MAS’ commitment to adhering to the principles of the Code when acting as a market participant and that its internal practices and processes are aligned with the principles of the Code.

Last Modified on 28/05/2018