On 6 December 2022, the Global Foreign Exchange Committee (GFXC) issued a press release concerning its recent video conference meeting where, among other things, it nominated and elected a new Co-Vice Chair. Also during the meeting GFXC members also agreed to commission a Digital Proportionality Tool for facilitating FX Global Code adherence. This tool to be made publicly available on the GFXC website in 2023, will organise the 55 FX Global Code Principles based on a participant’s role in the foreign exchange market with the intention of streamlining the adherence process.