The European Commission published legislative proposals on October 20, 2011 as part of its review of the existing European Markets in Financial Instruments Directive (MiFID). The draft legislation includes rules on trading platforms, transparency and investor protection.
The overarching objective of the original MiFID framework was to further the integration, competitiveness and efficiency of European financial markets. ISDA supports changes that build on that goal, including the introduction of an effective post-trade transparency regime for OTC derivatives.
On this page you can find materials that set out ISDA’s position on the MiFID review. To listen to recent Member Calls on the directive, login to the Members Portal here.
ISDA is also closely involved in the work of the Joint Associations Committee on Retail Structured Products (JAC), which is following the elements of the MiFID Review that impact on the market for retail structured products. Please see: http://www2.isda.org/asset-classes/structured-products
Latest
Joint Response to EBA Consultation
On August 12, ISDA and the Association for Financial Markets in Europe (AFME) responded to the European Banking Authority’s discussion paper on certain taxonomy key performance indicators (KPIs) and other aspects of the Disclosures Delegated Act under Article 8 of...
Response to JSCC on Clearing Fund Consolidation
On August 12, ISDA responded to the Japan Securities Clearing Corporation’s (JSCC) consultation on its proposal to consolidate clearing fund consumption, calculation and deposit segmentation across six clearing qualifications under the Financial Instruments and Exchange Act. ISDA members broadly support...
Response on CSDD Guidelines
On August 6, ISDA responded to the European Commission’s (EC) consultation on due diligence guidelines under the Corporate Sustainability Due Diligence Directive (CSDDD). While ISDA acknowledges that model contractual clauses can be a helpful resource for in-scope companies, there are...
Response to BoE on Extension of Settlement Hours
On August 6, ISDA responded to the Bank of England’s (BoE) consultation paper on the extension of settlement hours for RTGS and CHAPS, the UK’s high-value payment system. ISDA supports the BoE’s plan to extend RTGS and CHAPS settlement hours...