ISDA responds to ESMA consultation on MiFIR – non-EU investment firms regime

On 28 April 2020, ISDA and FIA submitted a joint response to the consultation launched by the European Securities and Markets Authority (ESMA) on the provision of investment services in the European Union by non-European investment firms under the Markets in Financial Instruments Regulation (MiFIR).

ESMA will now examine responses before finalising the draft implementing rules (Regulatory Technical Standards and Implementation Technical Standards).

Documents (1) for ISDA responds to ESMA consultation on MiFIR – non-EU investment firms regime

Safe, Efficient Markets for SFTs

Securities financing transactions (SFTs) – including repurchase agreements (repo), securities lending, buy/sell backs and margin lending – are foundational to the functioning of modern financial markets. They support the day-to-day distribution of liquidity, enable collateral to move efficiently across cash...

ISDA Recommendations to Simplify EU Regulation

On March 9, ISDA submitted a paper to the European Commission setting out focused proposals to improve the functioning of the EU regulatory framework for derivatives. The paper comprises eight targeted recommendations to simplify selected Level 1 provisions in a...