The Global Foreign Exchange Committee (GFXC) has completed its three-year review of the FX Global Code, verifying final amendments to enhance guidance on FX settlement risk and bolster transparency in certain FX transactions. The modified Code, together with an overview document detailing the review outcomes and feedback responses, is set to be released in January of next year.

The Global Foreign Exchange Committee (GFXC) met virtually on 4–5 December 2025 to assess progress on the FX Global Code and set priorities for 2026. It noted growth in Statement of Commitment entries, endorsed guidance urging early preparation for the October 2027 T+1 settlement transition in Europe, and confirmed Manuel Mondedeu as Co-Vice Chair. The next meeting will be in Toronto on 4–5 June 2026.

The Global Foreign Exchange Committee (GFXC) calls for industry stakeholders’ response to the five suggested modifications in the FX Global Code and the potential alterations surrounding data disclosures to the Disclosure Cover Sheets for both liquidity providers and platforms. The deadline for feedback is on 25 October 2024. The proposed changes will be reviewed and concluded in December 2024, whereafter the revised Code will be released.

The Global Foreign Exchange Committee (GFXC) has announced an updated version of the FX Global Code (Code), superseding the July 2021 version. The December 2024 version includes updates to five of the fifty-five principles. The GFXC has also updated the Disclosure Cover Sheets (DCS) for liquidity providers and platforms. Additionally, a summary of the Code review outcomes and a document containing responses to the ‘Request for Feedback’ have been published.

means The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard, Revised Edition 2015 as updated from time to time.

Getting It Right First Time (GIRFT) in collaboration with NHS Resolution has produced a new best practice guide which outlines the recommended structure for learning from clinical negligence claims that should be led by trust legal departments, supported by clinicians and managers. The guide, titled ‘Learning from Litigation Claims: The Getting It Right First Time (GIRFT) and NHS Resolution best practice guide for clinicians and managers’, was produced as ‘It is important that trusts recognise the direct link between clinical incidents, claims for compensation and their financial contribution to the Clinical Negligence Scheme for Trusts’. The guide notes that claims learning should have the same parity as learning from clinical incidents, particularly as it was found that some trusts are paying over £40m in yearly contributions with the annual cost representing around 2% of the NHS budget. This finding, GIRFT believes, makes it clear that ‘board-level attention on claims is essential and should be part of the effective governance of any organisation’. It is hoped that the guide will help improve patient safety and reduce claims.

Geographic[al] Information System: Captures, stores, analyses, manages, and presents data that are linked to location.

Law360, London: The UK's pensions regulator expressed fears in correspondence released on Tuesday that a possibly hostile takeover of engineering giant GKN PLC by US-based Melrose Industries PLC could have a ‘detrimental impact’ on the British company’s pension scheme.

The Greater London Authority (GLA) has published draft London Plan Guidance proposing time-limited changes to cycle parking requirements, housing design guidance, and a new planning route for affordable housing delivery. The consultation follows emergency measures announced by the Mayor of London and Government in October 2025 aimed at accelerating housebuilding and unlocking stalled sites across the capital. The consultation will close on 22 January 2026.

The Government Legal Department (GLD) and Cabinet Office have published an updated list of authorised government departments under section 17 of the Crown Proceedings Act 1947 (CPA 1947). Practitioners serving documents in civil proceedings against the Crown in accordance with CPR PD 66, para 2.1 will need to check the updated list for the appropriate government department, solicitor and address for service.

The Global Legal Entity Identifier Foundation (GLEIF) has published a list which provides an overview of current and proposed regulatory activities including the use of the Legal Entity Identifier (LEI). GLEIF says that it will update the list regularly.

The Global Legal Entity Identifier Foundation (GLEIF) has released ISO 17442-3, which expands the LEI standard to include verifiable LEIs (vLEIs)—digitally signed, tamper-resistant credentials for decentralised authentication of legal entities.