Statement of Commitment to FX Global Code

The Hong Kong Monetary Authority (HKMA) issued today (6 November) the renewed Statement of Commitment (Annex) to the FX Global Code (Code).  By renewing the Statement, the HKMA demonstrates its commitment to adhering to the Code when acting as a market participant in the foreign exchange (FX) market, having regard to the publication of the December 2024 version of the Code by the Global Foreign Exchange Committee (GFXC).

The Code is a set of global principles of good practice in the FX market, developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale FX market.  It was developed by a partnership between central banks and market participants from various jurisdictions, including Hong Kong.  The Code was first published in May 2017 and has been updated in July 2021 and December 2024.  The HKMA first issued a Statement of Commitment in May 2018 and renewed its Statement of Commitment in July 2022 to demonstrate its adherence to the Code. 

The latest version of the Code and information about the GFXC can be found at: http://www.globalfxc.org.  The HKMA will continue to work with other GFXC members to promote adherence to the Code in the global FX market.

Annex

Hong Kong Monetary Authority
6 November 2025