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The Financial Conduct Authority (FCA) has recognized the 2024 revisions of the FX Global Code and UK Money Markets Code under its regulatory framework. The Bank of England welcomed this move, emphasizing its role in enhancing market transparency and integrity. The updated codes aim to strengthen global foreign exchange market standards and investor confidence. This development could influence European forex trading practices and set precedents for international regulatory alignment. Market participants may observe increased compliance costs but improved risk management frameworks.
