The Financial Conduct Authority (FCA) has confirmed that it is recognising the FX Global Code and UK Money Markets Code. The FCA's recognition scheme for industry Codes was launched in 2018.
As the first Codes to be recognised by the FCA, they are acknowledged to reflect the good market practices for the respective FX Market and Money Market industries.
For further information, please check the following link https://www.fca.org.uk/news/statements/fca-confirms-recognition-fx-glob…
ACIFMA, as longstanding proponents and influencers of ethical conduct and good market practices for financial markets professionals, recognises that this is an important step towards adherence to these Codes.
The ELAC (E-Learning, Attestation and Certification) tool is an ACI online portal providing continuous training and certification for industry Codes, such as the FX Global Code and the UK Money Markets Code. ELAC is contextualised for industry sectors and financial markets participants, whilst being relevant to their role and experience level, promoting the highest global standards of professionalism, competence and ethical conduct in financial markets.
For further information, please check our ELAC page on https://acifma.com/elac