On 28 June 2022, the Financial Markets Standards Board issued a Statement of Good Practice on Trading Platform Disclosures.
The Statement is intended to develop best practices around what platform operators should disclose to their participants. It builds on certain existing regulatory requirements and policy initiatives impacting platform operators and users, including relevant aspects of MiFID II and the FX Global Code. Such requirements and initiatives relate to both the operation and governance of trading platforms, and the obligations on trading platform participants. It covers all areas of the fixed income, currencies and commodities markets and includes platforms that are considered to be trading venues under existing regulation (e.g., MiFID II) and those that are not (e.g., Single Dealer Platforms).