Introduction to the Global FX Code

Course level : Short courses

After a three-year review, the Global FX code was updated in July 2021 to strengthen conduct standards and reflect changes in the FX markets.

Failing to adhere to the Code, can lead to severe penalties for both firms and individuals. Regulators and central banks in all major jurisdictions expect both buy-side and sell-side FX market participants to have committed to the Code. The Global Foreign Exchange Committee often carries out surveys to check how the Code has been implemented, including checking that committed companies are training their staff regularly on the principles.

Created by experts who have worked in organisations that needed to carry out major remediation following on from FX misconduct from 2013, this course will enable you to:

understand the importance and core principles of the Code
grasp the regulatory and reputational risk of non-compliance
be able to demonstrate to the regulator that you take your market participation seriously
recognise the commercial advantage compliance to the Code will afford you and your organisation.

What will I learn?

This introductory course provides the background to the Code, core principles and the need for greater personal accountability through these modules:

Importance of the Code
Regulatory Risk
Reputational Risk
Commercial Advantage
The Core Principles

Is this course right for me?

This course is suitable for:

Both regulated and unregulated firms who have adopted or are informally applying the Code
Compliance professionals, investment managers, asset managers or FX traders who want to ensure adherence or validate their knowledge.

Course format

Self-paced, online, gamified learning
Quizzes to test your understanding
Access for 12 months (in which time you can continue to test your knowledge as often as you want)
Certificate of completion

Course fees


per currency depending on location
GBP	100
EUR	TBC
USD	TBC

Course fees stated exclude VAT or local tax, this will be added to your basket at the checkout if applicable.

Exclusive Qualification Discount for ICA Professional and Fellow Members

All ICA Professional and Fellow members are entitled to discounted rates on subsequent qualifications they choose to enrol on:

• Professional (MICA) - 10%
• Fellow (FICA) – 15%

Simply enter your membership number on enrolment to gain your exclusive discounted rate.