The Global Technical Committee has reviewed and preliminarily approved the Recommended Practices submitted by the Global FX Subcommittee. It provides guidance on the rejection scenarios of the FX market and communicating of the reason for rejection.
The document now enters a public comment period in which public review and feedback is encouraged. Once the public comment period closes, the GTC will review public comments and amend the document accordingly before publishing the final version.
Please post feedback, comments, and questions as replies to this discussion thread. The public comment period ends on September 3, 2024.
A link to the proposal can be found here .