On January 26th, according to the official WeChat account of the “Self Regulatory Mechanism for the Foreign Exchange Market”, the Global Foreign Exchange Committee (GFXC) recently completed the second round of review of the “Global Foreign Exchange Market Guidelines” (Global Guidelines) and released a new version of the Global Guidelines (December 2024 version). The new version of the global guidelines focuses on foreign exchange settlement risks and the use of foreign exchange market data, and updates relevant good practice principles. GFXC has also updated the Disclosure Cover Sheet for liquidity providers and forex electronic trading platforms simultaneously. In addition to the new version of the global standards, the documents released by GFXC also include: firstly, a summary document of the results of the global standard re inspection, including the specific revision content and reasons for the revision of the global standards, as well as GFXC’s guidance on the re inspection and update of commitment statements; The second is the feedback received from market participants during the public opinion solicitation in October 2024.
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