On 24 January 2025, the Global Foreign Exchange Committee (GFXC) issued a press release announcing that it had completed its review of the FX Global Code (Code).
This latest version of the Code will supersede the July 2021 version. Updates have been made to five of the Code’s fifty-five principles to strengthen the Code’s guidance on FX Settlement Risk, as well as to increase transparency around certain types of FX transactions and the use of client-generated data on electronic trading platforms. Also, the Disclosure Cover Sheets (DCS) for Liquidity Providers and Platforms were also extended with the objective to enhance transparency and comparability across providers on the use of FX data. The GFXC encourages the uptake of the DCS, which are available on the GFXC website.