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The Global Code of Conduct  Form

The Global Code of Conduct Form

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[Music] [Music] the global code is really important because it divides a mechanism to rebuild trust in the foreign exchange market trust which was eroded through the drumbeat of scandals that took place over the past half decade it sets out clear principled guidance for market participants to follow to improve the integrity of the market it applies to all wholesale financial market participants and the forward of the code list through they are very clearly so it's being rolled out through a word-of-mouth approach to make sure that all market poss pants are aware of the code we want the whole range in the London marketplace sell side by side infrastructure to read and engage with the code the FCA the relevant supervisor in United Kingdom has made it very clear that they will take a counter to code when they consider the extent which senior managers fulfill their responsibilities one final point if I may make in the UK the global code is replacing a non investment product service

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