ISDA MEMBER LOGIN REQUIRED. As the compliance date for a number of the CFTC’s Title VII rulemakings approached on October 12, the Commission released a flurry of No-Action Letters, FAQs and Q&As in an effort to provide much needed relief to market participants. These releases covered a number of rulemaking categories, including guidance on issues relating to which swaps to include in swap dealer and MSP de minimis threshold calculations, cross-border scope, securitizations, FX forwards and swaps, and Commodity Pool and ECP concerns. SIFMA, ISDA and FIA held a Joint Member Call to discuss what relief was provided, whether it goes far enough, and what more can be expected. The Associations, in coordination with counsel from Davis Polk and Mayer Brown, covered: (1) Overview of the CFTC’s Rulemaking & NAL, FAQ, Q&A Process; (2) Cross Border, Registration and Definitional Related Relief; (3) Swap Data Reporting Guidance; (4) FX Forwards and Swaps; (5) Buy-Side Concerns; (6) Clearing; (7) Securitizations.
Watch: SIFMA/ISDA/FIA Member Call: CFTC No-Action Letters, FAQs, and Q&As
Latest
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
ISDA Publishes Saudi Arabia Netting Opinions
ISDA has published new legal opinions that recognize the enforceability of close-out netting under regulations published by the Saudi Central Bank (SAMA) earlier this year. SAMA’s netting regulations were published in February, meaning all Group-of-20 jurisdictions now recognize the enforceability...
Get Ready for the ISDA Notices Hub
No one wants to have to terminate a derivatives trading relationship – that usually means a counterparty has failed to make a payment or has become insolvent. At an already stressful time, the last thing anyone needs is to experience...
ISDA Publishes Paper on SFDR Review
On June 23, ISDA and the Association for Financial Markets in Europe (AFME) published a position paper on the review of the Sustainable Finance Disclosure Regulation (SFDR). The paper acknowledges that the SFDR needs to be revised in line with...