LEADING PRINCIPLE:
Market Participants are expected to have a sound and effective governance framework to provide for clear responsibility for and comprehensive oversight of their FX Market activity and to promote responsible engagement in the FX Market.
Appropriate governance structures should be in place to promote and support the principles set out in this Code. Different firms’ governance structures may vary in complexity and scope. The precise structure adopted should be commensurate with the size and complexity of the Market Participant’s FX Market activities, and the nature of the Market Participant’s engagement in the FX Market, taking into account Applicable Law.
PRINCIPLE 4
The body, or individual(s), that is ultimately responsible for the Market Participant’s FX business strategy and financial soundness should put in place adequate and effective structures and mechanisms to provide for appropriate oversight, supervision, and controls with regard to the Market Partic
…