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Finance, AML & Compliance

ICA Learning: Global FX Code - Conduct, Principles and Clarity

Course details




Online self-study of learning material (you will have access to the course for 1 month). Commence this training at any time.

Course Overview

After a three-year review, the Global FX Code was updated in July 2021 to strengthen conduct standards and reflect changes in the FX markets.

Failing to adhere to the Code, can lead to severe penalties for both firms and individuals. Regulators and central banks in all major jurisdictions expect both buy-side and sell-side FX market participants to have committed to the Code. The Global Foreign Exchange Committee often carries out surveys to check how the Code has been implemented, including checking that committed companies are training their staff regularly on the principles.

Created by experts who have worked in organisations that needed to carry out major remediation following on from FX misconduct in 2013, this course uses case studies based on real situations and prosecutions to enable you to:

  • understand the importance of the Code and grasp the regulatory and reputational risk of non-compliance
  • learn about the principles of the Code, how to execute it, your personal accountability and what is good practice in governance
  • appreciate the practical issues with confirmations and settlements
  • be able to demonstrate to the regulator that you take your market participation seriously
  • recognise the commercial advantage compliance to the Code will afford you and your organisation

Course Content

You will study this course in your own time and at your own pace, and you have up to 1 month to complete it.

Explore the Global FX Code through these modules

  • Personal Accountability
  • Introduction to the Global FX Code
  • Ethics
  • Governance
  • Execution
  • Information Sharing
  • Risk management and Compliance: Compliance standards
  • Confirmations and Settlement

This course is self-paced with online gamified learning.

Course Benefits

This short course is suitable for:

Both regulated and unregulated firms who have adopted or are informally applying the Code.

Compliance professionals, investment managers, asset managers or FX traders who want to ensure adherence or validate their knowledge.

If you feel the full course is not for you, two individual modules are available to enrol onto separately:

  • ICA Learning - Introduction to the Global FX Code
  • ICA Learning - Global FX Code Execution Principles


Your understanding will be tested with quizzes throughout the course and will be awarded a certificate of completion once the course is complete.

Next Steps

Whilst the GTA facilitates the training for ICA qualifications, you need to enrol online directly with the ICA. Scroll down when you reach this page and follow the process to enrol.

Course Tutor

  • The International Compliance Association (ICA)

    The International Compliance Association (ICA) is the leading professional body for the global regulatory and financial crime compliance community. It is also the provider of internationally recognised, professional, certificated qualifications in anti-money laundering; governance, risk and compliance and financial crime prevention.

    Being a member of the ICA, a global community, is a mark of prestige and shows that you have reached a standard of excellence in your professional career.

Upcoming Courses

Some courses we run are scheduled based on demand. Please ensure you register your interest to ensure we know which courses you would like to attend.