FX Global Code register opens for wholesale market participants
South African foreign exchange market participants can now publish Statements of Commitment to the FX Global Code following the launch of a dedicated public register by the South African Reserve Bank and the South African Foreign Exchange Committee on 7 October 2026.
A central hub for market integrity
The South African Reserve Bank (SARB) and the South African Foreign Exchange Committee (SAFXC) launched a dedicated Public Register on 7 October 2026 for wholesale foreign exchange market participants.
The central repository enables institutions to publish their Statements of Commitment to the FX Global Code, establishing verifiable adherence to international standards for conduct and operational integrity.
While focused primarily on domestic wholesale dealers and trading institutions in South Africa, the platform also covers the broader Southern African Development Community (SADC) region.
External entities operating outside South Africa may formally request inclusion, provided their submissions follow the standardized global format.
Global connectivity without central bank oversight
The national register directly connects to the Global Index of Public Registers, integrating South African market disclosures into the international oversight network.
Participation remains strictly voluntary for market actors.
Inclusion on the list confirms the receipt of standardized documentation but does not constitute supervisory validation, regulatory oversight, or an official endorsement from the central bank.
Submissions are coordinated by the SAFXC Secretariat through Lucy Mabuza and Mahlatse Maraba.
Transparency without enforcement teeth
The register provides useful reputational benchmarking across the regional foreign exchange landscape.
However, disclaiming central bank verification leaves the framework dependent on mere goodwill rather than binding supervision.
Its real value hinges on whether major market counterparties penalize unlisted dealers.