Joint Trade Associations Letter on the Equivalence of UK Trading Venues

On February 28, ISDA sent a letter to European Commission vice-president Dombrovskis, co-signed by FIA, the Association for Financial Markets in Europe, the Alternative Investment Management Association, the Association for Financial Market Intermediaries, the European Banking Federation, the European Federation of Energy Traders, the Investment Company Institute, the Investment Association and the asset management group of the Securities Industry and Financial Markets Association.

The letter requests urgent action by European Union authorities to adopt equivalence decisions regarding UK trading venues under the European Market Infrastructure Regulation and Markets in Financial Instruments Directive in the event of the UK leaving the EU without a deal, explaining the impact on EU 27 market participants and European derivatives markets of such a ‘no deal’ scenario.

Documents (1) for Joint Trade Associations Letter on the Equivalence of UK Trading Venues

Joint Paper on UK EMIR Reform

On July 1, ISDA and UK Finance published a paper, which recommended a set of reforms for the UK European Market Infrastructure Regulation (UK EMIR), carefully considering each EU EMIR 3.0 reform and asking whether we would wish to adopt...

Response to FCA on UK EMIR Reporting

On June 30, ISDA submitted a response to chapter 5 of the UK Financial Conduct Authority’s (FCA) quarterly consultation CP25/16 on trade repository reporting requirements under the UK European Market Infrastructure Regulation (UK EMIR). Chapter 5 proposes ‘Amendments to the...

CDS Trading Activity in EU, UK and US Markets

This report analyzes credit derivatives trading activity reported in Europe. The analysis shows European credit derivatives transactions based on the location of reporting venues (EU versus UK) and product type. The report also compares European-reported credit derivatives trading activity to...