Standards & Publications

Annual Report

The FMSB Annual Report covers the activities of FMSB from 1 August 2016 to 31 July 2017 and examines FMSB membership, operations, progress in the year, market behaviours and emerging vulnerabilities.

FMSB Annual Report

The FMSB Annual Report, published on 20 September 2017, sets out progress made to enhance standards of behaviour in the wholesale Fixed Income, Currencies and Commodities (“FICC”) markets.

Standards

Materials that aim to define acceptable or unacceptable behaviour regarding specific trading practices

001-2017 New Issue Process Standard for the Fixed Income markets

This Standard sets out enhancements to existing practices that are designed to improve the new issue process continuum (from the granting of a mandate to the publication of statistics), which improvements should enhance the fairness and effectiveness of the process for all participants, including issuers, investors and lead managers.

002-2016_U Binary Options for the Commodities Markets_Updated

The Binary Options standard for the Commodities markets Standard aims to describe the characteristics of a type of transaction which is used by participants in the Commodities markets and to set out certain expected behaviours of wholesale market participants that enter into them.

001-2016_U Reference Price Transactions for the Fixed Income Markets – Updated

This Standard aims to describe the characteristics of a Reference Price Transaction (“RPT”) and to set out certain expected behaviours of wholesale market participants that enter into them.

Transparency Drafts

Draft materials published for public review and feedback during the comment period

To comment on a Transparency Draft, click on the link to the right or email standards@fmsb.com

Nothing to display at the moment.

Statements of Good Practice

Materials that elaborate on observed good practices in the market as well as on how standards apply at a precise level of detail

SoGP_001-2017 Front Office Supervision Statement of Good Practice for FICC Market Participants

The Front Office Supervision Statement of Good Practice outlines good practice for the Supervision of front office activities that may directly affect the functioning of FICC markets and/or conduct with market participants.

SoGP_002-2017 Monitoring of written electronic communications Statement of Good Practice for FICC Market Participants

The Monitoring of written electronic communications Statement of Good Practice for FICC Market Participants is designed to be relevant to all front-office and control or support function personnel who are active participants in the FICC markets and to those who are engaged in the monitoring and surveillance of those activities.

SoGP_001-2016 Surveillance in Foreign Exchange Markets

Set out in this document are a set of core principles for surveillance that firms may wish to adopt in order to identify, determine and establish an effective surveillance function.

SoGP_002-2016 Conduct Training

This Statement of Good Practice sets out a number of Core Principles relevant to conduct training, together with good practices that are currently used in Member Firms to achieve the outcomes specified in these Core Principles.