On September 7, ISDA wrote to European authorities to highlight the risks posed to EU banks, investment firms and pension funds, as well as UK pension funds, by the fact that UK pension funds will cease to benefit from the exemption under the European Market Infrastructure Regulation (EMIR) clearing obligation for pension scheme arrangements following the end of the Brexit transition period on December 31, 2020. The letter sets out a number of proposed solutions that European authorities could adopt to mitigate the impact. This change in regulatory treatment will have cost and other implications for affected pension scheme arrangements, their counterparties and citizens whose retirement income depends on these investments.
Click on the attached PDF to read the letter in full.
Documents (1) for Letter on Post-Brexit Exemption for Pension Scheme Arrangements under EMIR
Latest
ISDA Launches RFP for Trade Eligibility Solution
ISDA has launched a request for proposal (RFP) for the development of a trade reporting eligibility tool for use alongside the ISDA Digital Regulatory Reporting (DRR) solution. The eligibility tool is intended to provide analysis on whether a derivatives transaction...
Joint Response to ETS Review
On November 2, ISDA and the Association for Financial Markets in Europe submitted a joint statement on the European Commission’s call for feedback on the review of the EU Emissions Trading System (ETS). The response highlights the importance of a...
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
ISDA Publishes ISDA SIMM® Methodology, Version 2.9+2606
Following the 2026 primary calibration exercise, ISDA is pleased to publish ISDA SIMM® version 2.9+2606. This version incorporates updates arising from the recalibration of the model using historical data up to and including 30 June 2026. The ISDA SIMM methodology...