Participants within the FX Market are expected to have robust and clear policies and procedures. In addition they should have an organisational structure in place that promotes responsible market engagement.
It is expected that additional guidance relating to Principle 2: Governance will be published in Phase 2 of The Global Code of Conduct, expected in May 2017.
At that time, it is anticipated that the additional material to be published by the FXWG will provide content related to the polices and procedures to support the Principles of The FX Global Code as well as other material relevant to Governance.
“Market Participants are expected to have robust and clear policies, procedures, and organisational structure in place to promote responsible engagement in the FX Market”