On 18 March 2022, the Bank of England (BoE) renewed its commitment to adhere to the FX Global Code (Code) in a Statement of Commitment based on the revised Code dated July 2021. The Code sets out principles of good practice in the foreign exchange market. The BoE confirms that it acts as a market participant as defined by the Code, and is committed to conducting its market activities in a manner consistent with the principles of the Code.