The Global Foreign Exchange Committee (“GFXC”) supports the creation of market mechanisms that raise awareness about the FX Global Code (“Code”) and that promote the adoption of the Code by the majority of FX market participants. To this end, the GFXC recommended the establishment of public registers that help market participants to make their Statement of Commitment of adherence to the Code public, and to identify other market participants that have subscribed to the Code.
In response to these recommendations published by the GFXC, the Mexican Foreign Exchange Committee (“MFXC”) has established a voluntary public registry for the disclosure of the Statements of Commitment to the Code in order to further promote its adoption by the majority of market participants in Mexico. Any market participant that wishes to make public its Statement of Commitment shall be included in the registry regardless of the nature of their activity in the FX market, their sector, size, or any other characteristic, as long as they participate in the local wholesale FX market.
The format of the Statement of Commitment should be consistent with the form set out in Annex 3 of the Code. This can be in English or any another language. As an example, we present both the English and Spanish versions of the SoC.
The renewal, inclusion, or removal of any Statement of Commitment by a particular institution will be made by the Committee whenever the aforementioned institution decides to do so. The public registry will contain a list that enumerates:
- market participant name,
- type of market participant,
- date on which the Statement of Commitment was signed,
- admission date to the public registry, and
- copy of the market participant´s Statement of Commitment, or a link to the website in which the market participant has decided to disclose said statement.
Also, market participants shall renew their Statements of Commitment sooner than six months following the date of publishing a comprehensive revision of the Code, or under any other circumstance whenever the Committee deems necessary. If this renewal is not carried out by a relevant market participant, its Statement of Commitment will be removed from the public registry until this document is updated.
For any information regarding the public registry or for the any request to include, renew, or remove a Statement of Commitment from this registry, please contact the Secretariat: secretariado.cmcm@banxico.org.mx
Finally, it is important to mention that this public registry is included in the Global Index of Public Registers (“Global Index”). The Global Index acts as a central location that links to participating public registers and intends to provide a more comprehensive view of market participants’ commitment to good practices in a single place. It is located on the GFXC webpage through this link: https://www.globalfxc.org/global_index.htm
| Market participant name | Market participant type | Date signed | Date of admission to the MFXC public register | Statements of Commitment | Disclosure Cover Sheets |
|---|---|---|---|---|---|
| TD Securities | Bank | 29 April 2022 | 31 May 2018 | View Statement of Commitment | View Disclosure Cover Sheet |
| Profuturo Afore, S.A. de C.V. | Pension fund | 31 May 2018 | 8 June 2018 | View Statement of Commitment | |
| Afore XXI Banorte, S.A. de C.V. | Pension fund | 31 May 2018 | 15 June 2018 | View Statement of Commitment | |
| Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte | Bank | 31 May 2018 | 21 June 2018 | View Statement of Commitment | |
| Operadora de Fondos Banorte, S.A. de C.V., Sociedad Operadora de Fondos de Inversión, Grupo Financiero Banorte | Asset manager | 31 May 2018 | 21 June 2018 | View Statement of Commitment | |
| Casa de Bolsa Banorte, S.A. de C.V., Grupo Financiero Banorte | Broker or investment adviser | 31 May 2018 | 21 June 2018 | View Statement of Commitment | |
| Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander México | Bank | 31 May 2018 | 22 June 2018 | View Statement of Commitment | |
| 360T | E-Trading Platform | 5 December 2017 | 22 June 2018 | View Statement of Commitment | |
| SAM Asset Management, S.A. de C.V., Sociedad Operadora de Fondos de Inversión | Asset manager | 4 July 2018 | 5 July 2018 | View Statement of Commitment | |
| BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer | Bank | 30 May 2018 | 11 July 2018 | View Statement of Commitment | |
| Enlace Int, S.A de C.V. | Broker or investment adviser | 31 May 2018 | 17 July 2018 | View Statement of Commitment | |
| Banco Ve por Más S.A., I.B.M, Grupo Financiero Ve por Más | Bank | 31 May 2018 | 17 July 2018 | View Statement of Commitment | |
| Casa de Bolsa Ve por Más, S.A. de C.V., Grupo Financiero Ve por Más | Broker or investment adviser | 31 May 2018 | 17 July 2018 | View Statement of Commitment | |
| BBVA Bancomer Gestión, S.A. de C.V., Sociedad Operadora de Fondos de Inversión | Asset manager | 30 May 2018 | 18 July 2018 | View Statement of Commitment | |
| Vector Casa de Bolsa, S.A. de C.V. | Broker or investment adviser | 30 May 2018 | 7 August 2018 | View Statement of Commitment | |
| Afore Invercap, S.A. de C.V. | Pension fund | 26 July 2018 | 7 August 2018 | View Statement of Commitment | |
| Nacional Financiera, S.N.C., Institución de Banca de Desarrollo | Bank | 25 May 2018 | 31 August 2018 | View Statement of Commitment | |
| Banco Credit Suisse(México), S.A. Institución de Banca Múltiple, Grupo Financiero Credit Suisse(México) | Bank | 28 May 2018 | 14 May 2019 | View Statement of Commitment | |
| Casa de Bolsa Credit Suisse(México), S.A. de C.V. | Broker or investment adviser | 28 May 2018 | 14 May 2019 | View Statement of Commitment | |
| Afore Sura, S.A. de C.V. | Pension fund | 21 May 2019 | 23 May 2019 | View Statement of Commitment | |
| Afore Coppel, S.A. de C.V. | Pension fund | 31 May 2018 | 10 June 2019 | View Statement of Commitment | |
| Afore Inbursa, S.A. de C.V. | Pension fund | 14 May 2019 | 10 June 2019 | View Statement of Commitment | |
| Banco Base, S.A. | Bank | 30 May 2018 | 10 June 2019 | View Statement of Commitment | |
| Banco Inbursa, S.A. | Bank | 14 May 2019 | 10 June 2019 | View Statement of Commitment | |
| Banco Multiva, S.A. | Bank | 20 May 2019 | 10 June 2019 | View Statement of Commitment | |
| Bansí, S.A. | Bank | 15 May 2019 | 10 June 2019 | View Statement of Commitment | |
| Casa de Bolsa Base, S.A. de C.V. | Broker or investment adviser | 30 May 2018 | 10 June 2019 | View Statement of Commitment | |
| CIBanco, S.A. | Bank | 6 June 2019 | 10 June 2019 | View Statement of Commitment | |
| CI Casa de Bolsa, S.A. de C.V. | Broker or investment adviser | 5 June 2019 | 10 June 2019 | View Statement of Commitment | |
| Banco Nacional de México, S.A. | Bank | 16 May 2019 | 10 June 2019 | View Statement of Commitment | |
| FC Financial, S.A. de C.V. Sofom ER | Other | 14 May 2019 | 10 June 2019 | View Statement of Commitment | |
| Intercam Banco, S.A. | Bank | 20 March 2018 | 10 June 2019 | View Statement of Commitment | |
| Intercam Casa de Bolsa, S.A. de C.V. | Broker or investment adviser | 20 March 2018 | 10 June 2019 | View Statement of Commitment | |
| Intercam Fondos, S.A. de C.V. | Asset manager | 11 May 2018 | 10 June 2019 | View Statement of Commitment | |
| Inversora Bursátil S.A., Casa de Bolsa | Broker or investment adviser | 14 May 2019 | 10 June 2019 | View Statement of Commitment | |
| Banco Monex, S.A. | Bank | 25 May 2018 | 10 June 2019 | View Statement of Commitment | |
| Monex Casa de Bolsa, S.A. de C.V. | Broker or investment adviser | 25 May 2018 | 10 June 2019 | View Statement of Commitment | |
| Monex Operadora de Fondos, S.A. de C.V. | Asset manager | 25 May 2019 | 10 June 2019 | View Statement of Commitment | |
| Casa de Bolsa Multiva, S.A. de C.V. | Broker or investment adviser | 20 May 2019 | 10 June 2019 | View Statement of Commitment | |
| Operadora Inbursa de Sociedades de Inversión, S.A. de C.V. | Asset manager | 14 May 2019 | 10 June 2019 | View Statement of Commitment | |
| Patrimonial Inbursa, S.A. | Insurance company | 14 May 2019 | 10 June 2019 | View Statement of Commitment | |
| Pensiones Inbursa S.A. | Insurance company | 14 May 2019 | 10 June 2019 | View Statement of Commitment | |
| Seguros Inbursa, S.A. | Insurance company | 14 May 2019 | 10 June 2019 | View Statement of Commitment | |
| Inbursa Seguros de Caución y Fianzas | Insurance company | 14 May 2019 | 10 June 2019 | View Statement of Commitment | |
| Sofom Inbursa, S.A. de C.V. Sofom ER | Other | 14 May 2019 | 10 June 2019 | View Statement of Commitment | |
| Casa de Bolsa Finamex, S.A.B. de CV | Broker or investment adviser | 10 June 2019 | 10 June 2019 | View Statement of Commitment | |
| Barclays Bank México, S.A. | Bank | 1 August 2019 | 5 August 2019 | View Statement of Commitment | |
| Deutsche Bank México, S.A. | Bank | 27 August 2019 | 29 August 2019 | View Statement of Commitment | |
| Banco Regional, S.A. | Bank | 31 May 2018 | 29 August 2019 | View Statement of Commitment | |
| Banco Nacional de Obras y Servicios Públicos, S.N.C. | Bank | 31 May 2018 | 29 August 2019 | View Statement of Commitment | |
| Banco Nacional de Comercio Exterior, S.N.C. | Bank | 31 May 2018 | 10 September 2019 | View Statement of Commitment | |
| Pensiones Banorte S.A. de C.V., Grupo Financiero Banorte | Insurance company | 3 October 2019 | 17 October 2019 | View Statement of Commitment | |
| Seguros Banorte S.A. de C.V., Grupo Financiero Banorte | Insurance company | 3 October 2019 | 17 October 2019 | View Statement of Commitment | |
| Valores Mexicanos Casa de Bolsa, S.A. de C.V. | Broker or investment adviser | 31 May 2018 | 5 November 2019 | View Statement of Commitment | |
| Masari Casa de Bolsa, S.A. | Broker or investment adviser | 6 December 2022 | 15 November 2019 | View Statement of Commitment | |
| Edgewater Markets | Infrastructure or technology provider | 29 September 2022 | 6 October 2022 | View Statement of Commitment | |
| London Stock Exchange Group (LSEG) | E-Trading Platform | 5 October 2022 | 10 October 2018 | View Statement of Commitment | |
| Banco Sabadell | Bank | 22 may 2023 | 29 may 2023 | View Statement of Commitment |
NOTE
Finally, it should be noted that the MFXC, according to the recommendations published by the GFXC, hereby establishes a public registry for the Statements of Commitment of local market participants with the only purpose of providing information to all FX market participants. In this context, the MFXC shall not be responsible for:
- verifying the accuracy or validity of a market participant’s Statement, or
- monitoring adherence to the Code by market participants listed in the register, or
- verifying whether market participants are within the defined scope of market participants covered by the public register.
Also, every market participant shall bear sole responsibility for the content and veracity of its Statement of Commitment, as well as for complying with the principles established within the Code. Henceforth, the market participant shall defend, indemnify and hold the MFXC harmless against all third party claims, actions, suits, demands or any legal, administrative or judicial processes whatsoever, in connection with the signing and publishing and disclosure of its Statement of Commitment. In case any additional information is needed regarding the adherence to the Code by any market participant, this information shall be directly addressed to the relevant market participant.
Finally, the publication of personal information contained within the public registry is authorized by the data subject.