Regulatory Alerts2021-12-17
Added · Updated
HKMA Guidance on the Updated FX Global Code for Authorized Institutions
The Hong Kong Monetary Authority issued this circular to guide Authorized Institutions on implementing the July 2021 updated FX Global Code, which strengthens standards for algorithmic trading and foreign exchange practices. Regulators require institutions to review their internal controls against the new guidelines and renew their Statement of Commitment to the Treasury Markets Association by 15 July 2022. This directive aligns with existing supervisory policies on competence and ethical behavior, ensuring market participants maintain robust systems of control for wholesale FX market conduct.
Topics
market-abuse
fx
Share