Changes to a registered person’s status as a SD or MSP such as deregistration and limited purpose designations impact the operational ability of its counterparties to comply with their some obligations as SDs or MSPs under Part 43 and Part 45. This letter requests relief from certain requirements under the Reporting Rules and interpretive guidance with respect to other requirements under the Reporting Rules as set forth in the letter.
Documents (1) for No-Action Relief and Interpretive Guidance Request: Swap Dealer (SD) and Major Swap Participant (MSP) changes in Registration Status on Counterparties’ Obligations under Reporting Requirements.
Latest
Expanding the Universe of Eligible VM
ISDA conducted a series of interviews with buy- and sell-side firms to understand the drivers of a growing use of non-cash assets as variation margin (VM) for non-cleared over-the-counter (OTC) derivatives and the barriers that remain to expanding the use...
ISDA Response on Hedge Accounting Guidance
On August 14, ISDA responded to an exposure draft from the Financial Accounting Standards Board (FASB). ISDA broadly supports the FASB’s proposed targeted improvements to hedge accounting, including allowing interest rate hedging of held-to-maturity (HTM) debt securities, recognizing all Secured...
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...