The Foreign Exchange Joint Standing Committee (FXJSC)

FXJSC meeting minutes

The Foreign Exchange Joint Standing Committee (FX JSC) was established in 1973 under the auspices of the Bank of England, in the main part as a forum for banks and brokers to discuss broad market issues and the focus of the Committee's regular work remains issues of common concern to the different participants in the foreign exchange market. The Bank of England provides the Committee's Chairman and Secretary: they can be contacted on 020 7601 5982.

One of the main responsibilities of the Committee is to maintain the Non-Investment Products Code. This is a voluntary code of good market practice which covers bullion, wholesale deposits as well as the FX market. It is maintained in conjunction with the Sterling Money Markets Liaison Group, the London Bullion Market Assosciation, and certain trade associations.

The Committee includes senior staff from many of the major banks operating in the foreign exchange market in London, as well as from voice- and electronic-brokers, corporate users of the foreign exchange market, the Financial Services Authority (FSA) and representatives from the British Bankers' Association, the Association of Corporate Treasurers and the Wholesale Market Brokers' Association.

An updated version of the NIPs Code was published in April 2009.

The Non-Investment Products Code (NIPs)

	The Non-Investment Products Code (NIPs) (186k) April 2009
	The Non-Investment Products Code (NIPs) (204k) December 2007
	The Non-Investment Products Code (NIPs) (171k) January 2006
	Change to the Non-Investment Products Code in Relation to Undisclosed Principal Trading 28 May 2003

Results of the Semi-Annual FX Turnover Surveys

	Results of the Semi-Annual FX Turnover Survey in October 2008 (101k) 27 January 2009
	October 2008 data tables (373k) 27 January 2009
	April 2008 revised data tables (339k) 27 January 2009
	Results of the Semi-Annual FX Turnover Survey in April 2008 including revised results for October 2007 and April 2007 (69k) 28 July 2008
	April 2008 data tables (298k) 28 July 2008
	Results of the Semi-Annual FX Turnover Survey in October 2007 including revised results for April 2007 and October 2006 (80k) 28 January 2008
	Results of the Semi-Annual FX Turnover Survey in April 2007 including revised results for April and October 2006 (79k) 31 July 2007
	Results of the Semi-Annual FX Turnover Survey in October 2006 including revised results for April 2006 (63k) 22 January 2007
	Results of the Semi-Annual FX Turnover Survey in April 2006 including revised results for October 2005 (172k) 17 July 2006
	Results of the Semi-Annual FX Turnover Survey in October 2005 including revised results for April 2005 (138k) 23 Jan 2006
	Results of the Semi-Annual FX Turnover Survey in April 2005 (166k) 25 July 2005
	Results of the Semi-Annual FX Turnover Survey in October 2004 (36k) 24 January 2005

A review of the work of the London Foreign Exchange Joint Standing Committee

	A review of the work of the London Foreign Exchange Joint Standing Committee in 2007 Published in the 2008 Q2 edition of the Quarterly Bulletin (327k)
	Previous reviews: 2006 (350k) 2005 (123k) 2004 (123k) 2003 (140k) 2002 (48k) 2001 (150k) 2000 (101k)

Other

	Statement Regarding Romanian Currency Conversion (107k) 31 May 2005
	FXJSC Global Operations Managers Conference (85k) 20-21 April 2005
	Turkish Lira Conversion (64k) Joint Statement (FXJSC Ops Sub Group and FXC Ops Group) 7 December 2004
	Open letter from the members of the FX JSC (322k) 28 May 2002
	Reports from the E-Commerce subgroup: 2003 - E-Forex magazine version (152k) 2003 - Quarterly Bulletin version (54k) 2002 (87k)

London Foreign Exchange Joint Study Committee Meeting Minutes

Minutes for 2009

May 2009 (17k)
March 2009 (15k)
January 2009 (16k)

Minutes for 2008

November 2008 (16k)
September 2008 (16k)
July 2008 (17k)
May 2008 (17k)
March 2008 (17k)
January 2008 (17k)

Minutes for 2007

November 2007 (20k)
September 2007 (18k)
June 2007 (16k)
May 2007 (19k)
March 2007 (19k)
January 2007 (18k)

Previous Minutes

Archived minutes

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:

Other Foreign Exchange Committee Websites