ISDA welcomes the final report of the European Securities and Markets Authority (ESMA) on the clearing Regulatory Technical Standards (clearing RTS) under the European Market Infrastructure Regulation (EMIR), proposing an extension of the equivalent derogation until December 21, 2020. We ask the European Commission and European Supervisory Authorities to take a similar approach to the derogations under the margin RTS by extending these for two additional years. ISDA believes that an extension would prevent market fragmentation and instability until further equivalence decisions can be adopted.
Documents (1) for Letter to EC and ESAs on Time-limited Derogations for Intragroup Transactions and Equity Options and Indexes
Latest
ISDA Omnibus Canadian Representation Letter
On September 2, ISDA published the Omnibus Canadian Representation Letter, which combines previously published representation letters drafted to assist firms in compliance with Canadian trade reporting, business conduct, regulatory margin and clearing classification rules. The Omnibus Canadian Letter is designed...
Joint Response on Cross-margining
On August 31, ISDA and FIA submitted a letter to the US Commodity Futures and Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) on the agencies’ joint request for comment on the implementation of portfolio margining and cross-margining...
Accounting for Carbon Credits: Latest Developments
This paper updates and extends the analysis set out in ISDA’s October 2023 paper on accounting for carbon credits. While preserving the original focus on the accounting treatment of voluntary carbon credits (VCCs) and compliance carbon credits (CCCs), it expands...
Response to SEC on FICC Guaranty Fund
On September 1, ISDA and FIA submitted a joint response to the US Securities and Exchange Commission (SEC), supporting the Fixed Income Clearing Corporation’s (FICC) proposal to establish a dedicated guaranty fund at its government securities division (GSD). FICC had...