Regulatory Alerts2025-06-16
Added · Updated
HKMA Circular on Updated FX Global Code Compliance for Approved Money Brokers
The Hong Kong Monetary Authority issued this circular to direct Approved Money Brokers to align their operations with the January 2025 update to the FX Global Code. This update refines five principles to strengthen FX settlement risk mitigation and enhance transparency regarding execution activities and data utilization. Brokers are required to review their practices against these changes and are encouraged to renew their Statement of Commitment to the Treasury Markets Association.
Topics
licensing
market-abuse
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