The FX Global Code has had a galvanizing impact on the FX market. It has been welcomed by market participants and widely recognized as critically important to their business.
FX Global Code impact
The FX Global Code is a key example of how the buy side and sell side have joined together to deliver a solution that works for the broadest number of market participants.
Our public register is open to all market participants who have signed their Statement of Commitment and/or Disclosure Cover Sheet to the FX Global Code.
In order to assist interested parties in identifying market participants that have signed a Statement of Commitment or submitted a Disclosure Cover Sheet, CLS will, at the request of a relevant market participant, consider publishing a copy of their Statement of Commitment and/or Disclosure Cover Sheet in the CLS public register below.1
Statement of Commitment
Market participants may wish to sign a Statement of Commitment, by which market participants can demonstrate their recognition of, and commitment to adopting the good practices set forth in the FX Global Code.
Disclosure Cover Sheet
Market participants may also submit an optional Disclosure Cover Sheet, a template that can be used by to support them in meeting the range of disclosure and transparency principles in the FX Global Code.
The CLS public register also participates in the Global Index of Registers and any Statement of Commitment and/or Disclosure Cover Sheet published on the CLS public register will also therefore be eligible for inclusion in the Global Index.
1 CLS reserves the right to determine whether or not to publish any Statement of Commitment or Disclosure Cover Sheet and may, in its sole discretion, reject or remove a Statement of Commitment and/or Disclosure Cover Sheet without any explanation, responsibility or liability.
Each Statement of Commitment and/or Disclosure Cover Sheet (the “Submitted Documents”) admitted to the CLS public register, and any related information, has been provided to CLS by the relevant market participant. CLS has not, and will not, verify any aspect of the Submitted Documents (including the content, accuracy or validity of the Submitted Documents or the authority of the individual signing the Submitted Documents or validity of such signature (whether electronic or other format) or any of the information provided. No representation, warranty, assurance or undertaking (express or implied) is or will be made by CLS, and no responsibility or liability is or will be accepted by CLS or any of its group of companies for any aspect of the Submitted Documents, its publication (whether on the CLS public register, the Global Index or elsewhere) or any information contained, or specified, in the public register or the Global Index or elsewhere. CLS will have no responsibility or liability for the relevant market participant’s adherence (or non-adherence) to the principles of the FX Global Code. For the avoidance of doubt, the absence of Submitted Documents in the CLS public register in no way implies the absence of Submitted Documents in respect of that market participant.