Central Bank Register - terms of reference

The FX Global Code (the Code) provides a common set of good practices to promote the integrity and effective functioning of the wholesale foreign exchange (FX) market. It was developed by the Foreign Exchange Working Group, a partnership between central banks and private sector market participants. Central banks are strongly committed to supporting and promoting adherence to the Code, as communicated by the Governors of the Global Economy Meeting at the launch of the Code. To further promote adherence and transparency, a public register (Register) has been established where central banks can post their Statements of Commitment (Statements) to the Code.

The Register is hosted on the website of the Bank for International Settlements (www.bis.org) with the administrative support of the Secretariat of the GFXC. The Register accords with the criteria for Participating Public Registers as specified by the Global Foreign Exchange Committee (GFXC) and is included in the Global Index of Public Registers.

Eligibility and submission process

The Register is open exclusively to central banks that wish to post their Statement and the BIS. It is not open to other private or public sector entities (even if those are affiliated with the central bank). Central banks can request the inclusion of their Statement in the Register by submitting it to the GFXC Secretariat at email@globalfxc.org. In general, only Statements that are consistent with the form set out in Annex 3 of the Code, in English or in another major language, will be accepted. Acceptance of a Statement does not imply any type of validation or verification of its accuracy by the GFXC or the BIS. All entries on the Register will be labelled as "central bank" under the "market participant type" field and "CB" under the "public register" field.


At least every three years, the GFXC will consider the case for a comprehensive review of the Code. Following each such review, the GFXC Secretariat will invite central banks to consider renewing their Statements included in the Register. Each central bank will determine whether or not a renewal of their Statement is appropriate; although renewal is encouraged, maintaining an entry on the Register is not contingent on a renewal. Renewed Statements can be submitted to email@globalfxc.org so that the relevant Register entry can be updated. Central banks may have their Statements removed from the Register at their own discretion by making a request to the GFXC Secretariat.


Neither the BIS, the GFXC, any local foreign exchange committee or any of their respective member institutions or agents, nor any entity involved in the preparation of any material on the Register website, including but not limited to the GFXC Secretariat and the Markets Committee at the BIS, (i) shall under any circumstances have any liability whatsoever for any loss, damage, liability or expense suffered as a result of or in connection with publishing, or the use of or reliance by any person on, the Register or any information contained therein, (ii) warrant, nor accept any responsibility or liability for, the authenticity, accuracy or completeness of any information contained in the Register, or (iii) warrant, monitor or verify adherence to the Code by the central banks that are listed on the Register.