The FX Global Code (“Code”) exists to support a robust, fair, liquid and appropriately transparent market. Critical to this is the ability for Market Participants to make informed decisions regarding the nature, impact and risks of their interaction with each other. Accordingly, the Code outlines the importance of disclosure and transparency across several Principles; in some places providing high-level guidance around the types of information that should be disclosed (e.g. Principles 1, 8 and 21), whilst in others being more explicit and/or focusing on a specific activity or behavior (Principles 9, 14, 17 and 18).