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Home > Markets > The London Foreign Exchange Joint Standing Committee (FXJSC)
 

The London Foreign Exchange Joint Standing Committee (FXJSC)

The London Foreign Exchange Joint Standing Committee (FXJSC) was established in 1973 and is chaired and administered by the Bank of England. The FXJSC provides a senior-level forum for market participants, infrastructure providers and the relevant UK public authorities to discuss conjunctural and structural issues concerning the wholesale foreign exchange market in the UK and the associated supporting infrastructure. The FXJSC will also contribute to the production and maintenance of the Global Foreign Exchange Code as well as facilitating adherence to that Code in the UK.

See the Terms of reference for the FXJSC.
Membership List

FX Global Code: May 2016 update

On 26 May 2016 the Foreign Exchange Working Group of the BIS released the first phase of a global code of conduct for wholesale foreign exchange markets and principles for adherence to the new standards. The complete global code and the adherence mechanisms, which aim to promote the integrity and effective functioning of foreign exchange markets, will be released in May 2017.

Global FXCs Joint Statement 
26 May 2016

Phase 1 Materials
26 May 2016

When published in its final format, in the UK it will replace the current Non-Investment Products Code (NIPs Code) in relation to the foreign exchange markets. For non-foreign exchange market products in the UK market, a project to update and revise the current Code is being led by a joint Sub-Committee of the Money Market Liaison Committee and the Securities Lending and Repo Committee.  Further information on this can be found on the Money Markets Liaison Committee and Securities Lending and Repo Committee webpages.

Global Preamble: Codes of Best Market Practice and Shared Global Principles
 

Press Release |  Global Preamble  - issued 30 March 2015

The Non-Investment Products Code (NIPs)

An updated version of the NIPs Code was published in November 2011.

The Non-Investment Products Code (NIPs)
November 2011

Codes of Best Market Practice and Shared Global Principles
May 2013


FXJSC Paper on the Foreign Exchange Market

pdf FXJSC Paper on the Foreign Exchange Market
September 2009

Results of the Semi-Annual FX Turnover Surveys

Click here to see all previous reviews, hide

 

London FXJSC Meeting Minutes

Latest minutes - January 2016

 

Quarterly Bulletin articles


Reviews of the work of the London Foreign Exchange Joint Standing Committee - all files are PDFs

2016 Q2 | 2015 Q2 | 2014 Q2 | 2013 Q2 | 2012 Q2 | 2011 Q2  |  2010 Q2  | 2009 Q2

 
 

Additional published documents

Minutes of the Meeting of the Global Foreign Exchange Committees 2016
25 May 2016

Additional Materials of the Meeting of the Global Foreign Exchange Committees 2016
25 May 2016


Minutes of the Meeting of the Global Foreign Exchange Committees 2015
8 April 2015 

Letter from FSB Chair to London FX JSC
2 April 2015

Joint Statement on the Financial Stability Board's Foreign Exchange Benchmarks Report
20 January 2015

Minutes of the Meeting of the Global Foreign Exchange Committees 2014 
11 April 2014

 Statement Regarding Romanian Currency Conversion
31 May 2005

London FXJSC Global Operations Managers Conference
20-21 April 2005

 Turkish Lira Conversion
Joint Statement (FXJSC Ops Sub Group and FXC Ops Group)
7 December 2004

Open letter from the members of the FXJSC
28 May 2002

Reports from the E-Commerce subgroup:
2003 - E-Forex magazine version 
2003 - Quarterly Bulletin version 
2002

There are equivalent committees to the FXJSC in all of the major foreign exchange centres around the world. Details on the websites of these committees can be found in the following link:

Links to Other International Foreign Exchange Committee Websites


Key Resources




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