Regulatory Alerts2017-09-28
Added · Updated
CIR 20170928-1 Market Risk Management Foreign Exchange
The Hong Kong Monetary Authority issued this circular to guide Authorized Institutions on adopting the global FX Global Code for wholesale foreign exchange markets. It requires institutions to review their internal controls to ensure compliance with the Code's principles and to submit a Statement of Commitment to the Treasury Markets Association. The regulator also encourages institutions to promote the Code to their counterparties and customers to enhance market integrity.
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