Why join us?
FMSB membership is open to all users of global wholesale markets who are interested in contributing to fair and effective wholesale financial markets that support their own commercial model and that of their customers.
Members shape industry standards, consider emerging risks, address areas of uncertainty in trading practices, and benchmark against peers.
Four things you might not know about FMSB
ExpertPractitioner-led and cross-sector.
Independent
Not-for-profit, privately owned with no lobbying agenda or conflicts of interest.
Agile
FMSB works with market participants and regulators to identify and address misconduct issues.
International
Our Standards are designed to be applied across borders helping to drive international convergence.
Who can join?
We are open to active users of the wholesale financial markets such as commercial banks, investment banks, custodians, intermediaries, exchange operators, asset managers, pension funds, or hedge funds as Full or Associate Members.
FMSB also welcomes corporate issuers active in primary and/or secondary markets; and in some cases invites firms interested in financial markets e.g., professional advisors, academics, trade, and/or professional bodies as Affiliate or Partner Members.
What they say about us
We are very supportive of the important work FMSB does to build trust and confidence for market participants in the fairness and effectiveness of wholesale markets.
As asset managers, we particularly appreciate FMSB’s efforts to convene market practitioners and strive for the highest standards of conduct for the global wholesale financial markets. Specifically, we recognise the value of the Market Practices Committee’s leadership in identifying forthcoming focus areas of best market practices or the Electronic Trading and Technology Committee’s work on model risk.
FAQs about membership
What is the time commitment?
If your firm becomes a Member, you can nominate colleagues from your team to horizon scan, lead Committees and Working Groups and participate in them. The FMSB Secretariat organises around Members’ time constraints and holds the pen on drafting materials using the expert input of practitioners.
What does ‘adherence’ to Standards involve?
Adherence requires firms to make a public commitment to conduct their wholesale financial markets activities in a manner consistent with the FMSB Standards applicable to their business.
We will help you prepare for adherence, and you’ll have two full years before being required to make a public attestation.
What types of membership are available?
There are five types of FMSB membership to suit different requirements:
Full
Associate
Corporate
Partner
Affiliate
Learn full details of each membership type below. Or, please get in touch to discuss these further.
Full Member
Eligibility
Active users of financial markets, such as commercial banks, investment banks, custodians, intermediaries, exchange operators, other financial services infrastructure providers, asset managers, pension funds or hedge funds or private equity are eligible.
Adherence
Submission of yearly Statement of Commitment which confirms that the firm is adhering to the FMSB Standards relevant to their activities and business profile.
Associate Member
Eligibility
Active users of financial markets, such as commercial banks, investment banks, custodians, intermediaries, exchange operators, other financial services infrastructure providers, asset managers, pension funds or hedge funds or private equity are eligible.
Adherence
Submission of yearly Statement of Commitment which confirms that the firm is adhering to the FMSB Standards relevant to their activities and business profile which may be limited to Standards developed by Working Group(s) in which the Associate Member has been eligible to participate at their election.
Corporate Member
Eligibility
Corporate issuers active in primary and/or secondary markets but whose primary business is not financial markets are eligible, and other bodies deemed to be eligible by the Board.
Adherence
Submission of yearly Statement of Commitment which confirms that the firm is adhering to the FMSB Standards relevant to their activities and business profile.
Partner or Affiliate Member
Eligibility
Persons interested in the financial markets who are not eligible to be a Full, Associate or Corporate Member, may be invited by the Board on the recommendation of the Chair or the CEO, to apply to be either a Partner Member or an Affiliate Member.
Adherence
Partner or Affiliate Members are not required to submit a yearly Statement of Commitment.
Download a copy (PDF) of the FMSB membership types:
The key stages
You are invited to:
- Meet our CEO
- Be introduced to existing FMSB Members
- Select the Standards and Working Groups of relevance to your organisation
- Trial a working group meeting.
We ask you to:
- Sign our By-laws
- Propose your representatives for the Advisory Council, Standards Board and FMSB Working Groups – dependent on your membership type
- Prepare to adhere to FMSB Standards – you’ll have two full years to do so.
As a Member
- Attend your chosen meetings
- Submit your first full public Statement of Commitment on your third year of joining
- Become part of a unique community raising standards and making wholesale markets fairer and more effective.
Here to help
If you have any questions about FMSB membership, please contact us. If you would like someone from our team to contact you, please let us know.