Regulatory Alerts2025-05-28
Added · Updated
HKMA Guidance on the Updated FX Global Code
The Hong Kong Monetary Authority requires Authorized Institutions to align their practices with the January 2025 update to the FX Global Code, which refines principles on settlement risk and transparency. Institutions must review their internal controls and issue or renew their Statement of Commitment to the Treasury Markets Association by 24 January 2026. This directive ensures compliance with the TMA Code of Conduct and reinforces ethical behavior standards within the wholesale foreign exchange market.
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