Bank of England revises forex guidelines
NEWS
This is the first complete revision of the Non-Investment Products (Nips) Code since it was first introduced in 2001. It covers new areas including the use of mobile phones, confirmations and standard settlement instructions.
Paul Fisher, head of FX at BoE, who revealed the proposed changes at the FX Week Europe conference in November, said: "The changes have been made to enable the way the code is updated and to improve how we disseminate it." It is understood that the code will be updated
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