THE SOUTH AFRICAN TREASURER - FUTUREPROOFING TREASURY

2 TMI | THE SOUTHAFRICANTREASURER FUTUREPROOFING TREASURY Roadmap to Adherence What steps shouldmyfirmconsider tocomplywith theFXGlobal Code? Market Participantsmay consider different steps depending on the size and complexity of the firm’s FX activities, and the nature of its engagement in the FXmarket. Review the content of the Code Align internal processes and procedures to the principles of the Code Connect relevant internal business areas and set up a project group Conduct a gap analysis between internal processes and procedures and the principles of the Code Identify relevant FX activities and determinewhich principles are applicable to your firm ROAD MAP Reviewexisting oversight arrangements and control frameworks to ensure ongoing appropriate adherence Make Statement of Commitment publicly available, for example on Public Register Determine appropriate level of signatory for Statement of Commitment and frequency of review Consider review and update of disclosures Consider training and education for staff to embed the principles of the Code 10 5 6 1 4 9 2 7 3 8 Source :https://www.globalfxc.org