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Please find below a link to the paper produced by the FX market working group of the London Foreign Exchange Joint Standing Committee and endorsed at last night's meeting of the main committee;  the working group was chaired by Huw Evans (from UBS) and comprised a large number of market representatives. 

The paper can be accessed from the following link:

http://www.bankofengland.co.uk/markets/forex/fxjsc/fxpaper090923.pdf