ISDA Requests Extension of Relief on Brexit-related Novations

On November 25, 2019, ISDA wrote to European authorities to request an extension to regulatory technical standards (RTS) related to novation, in order to avoid expiry at the end of the year. The novation RTS allows counterparties, in the event of a ‘no-deal Brexit’, to novate their contracts from the UK to an EU counterparty without triggering clearing or margining requirements for 12 months. The novation RTS requires extending to keep pace with the ongoing Brexit delays.

Click on the attached PDF to read the letter in full.

Documents (1) for ISDA Requests Extension of Relief on Brexit-related Novations

ISDA Response on Clearing Costs

On September 8, ISDA responded to consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard on clearing fees and associated costs (article 7c(4) of the European Market Infrastructure Regulation (EMIR)). In the response, ISDA...

ISDA Response on Margin Transparency

On September 8, ISDA responded to a consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard under the European Market Infrastructure Regulation (EMIR 3.0) on margin transparency requirements. ISDA’s members are supportive of margin...

Paper on Liquidity Assessment for Single-name CDS

On September 5, ISDA submitted a paper to the European Securities and Markets Authority (ESMA) and the European Commission in support of its earlier response to ESMA’s Markets in Financial Instruments Regulation (MIFIR) review consultation package 4 (CP4) on transparency...