Felix Pinkston
Nov 05, 2025 23:49
The Hong Kong Financial Authority renews its pledge to the FX World Code, reinforcing its dedication to sustaining integrity within the overseas trade market.
The Hong Kong Financial Authority (HKMA) has reaffirmed its dedication to the FX World Code by issuing a renewed Assertion of Dedication, based on Hong Kong Financial Authority. The assertion underscores HKMA’s dedication to adhering to the rules outlined within the Code, notably in gentle of the December 2024 updates by the World International Alternate Committee (GFXC).
FX World Code Overview
The FX World Code is a complete set of tips aimed toward selling integrity and efficient functioning within the wholesale overseas trade (FX) market. It was initially developed by a coalition of central banks and market members from numerous jurisdictions, together with Hong Kong. Initially revealed in Might 2017, the Code has undergone revisions, with vital updates in July 2021 and December 2024.
HKMA’s Dedication Historical past
The HKMA first issued its Assertion of Dedication to the FX World Code in Might 2018. This dedication was renewed in July 2022 to align with ongoing updates to the Code. The newest renewal continues this custom, demonstrating the HKMA’s proactive strategy to making sure that its operations as a market participant are consistent with international greatest practices.
Collaboration and Future Outlook
The HKMA stays actively engaged with the GFXC and different member establishments to advertise widespread adherence to the FX World Code. This collaboration is pivotal in sustaining a strong and moral international FX market. Extra details about the newest model of the Code and the GFXC’s actions will be discovered on the official GFXC web site.
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