Regulatory AlertsFS19/3: Recognition of codes: feedback on QCP 23 18/39
The Financial Conduct Authority formally recognizes the FX Global Code and the UK Money Markets Code following a consultation that received unanimous support from respondents. This recognition allows firms to demonstrate compliance with Senior Managers and Certification Regime requirements for proper standards of market conduct in unregulated activities. The codes are valid for three years and serve as evidence of compliance rather than creating a new basis for direct enforcement action.
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