FCA confirms market code recognition

FCA has confirmed it is recognising the FX Global Code and the UK Money Markets Code. These are the first codes to be recognised under its new scheme. While FCA will not supervise firms or individuals directly against the codes, it expects them to consider both the spirit and the letter of code provisions as part of making sure they fully meet the “proper standards of market conduct” that FCA expects.

The codes are now listed on FCA’s recognised industry codes page.


Emma Radmore