On December 4, ISDA submitted a response to the European Securities and Markets Authority’s (ESMA) consultation on reporting of non-financial information by entities in scope of the Non-Financial Reporting Directive (NFRD). The response highlights various perspectives that reflect the views of ISDA’s members and, in particular, those of non-financial members and of asset managers. In terms of next steps, the European supervisory authorities are meant to deliver their advice to the European Commission (EC) by February 28, 2021, and the EC is expected to adopt the delegated act on NFRD entity reporting under article 8 of the Taxonomy Regulation by June 1, 2021.
Documents (1) for ISDA Responds to ESMA Consultation on Reporting by NFRD Entities
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Joint Response to EBA Consultation
On August 12, ISDA and the Association for Financial Markets in Europe (AFME) responded to the European Banking Authority’s discussion paper on certain taxonomy key performance indicators (KPIs) and other aspects of the Disclosures Delegated Act under Article 8 of...
Response to JSCC on Clearing Fund Consolidation
On August 12, ISDA responded to the Japan Securities Clearing Corporation’s (JSCC) consultation on its proposal to consolidate clearing fund consumption, calculation and deposit segmentation across six clearing qualifications under the Financial Instruments and Exchange Act. ISDA members broadly support...
Response on CSDD Guidelines
On August 6, ISDA responded to the European Commission’s (EC) consultation on due diligence guidelines under the Corporate Sustainability Due Diligence Directive (CSDDD). While ISDA acknowledges that model contractual clauses can be a helpful resource for in-scope companies, there are...
Response to BoE on Extension of Settlement Hours
On August 6, ISDA responded to the Bank of England’s (BoE) consultation paper on the extension of settlement hours for RTGS and CHAPS, the UK’s high-value payment system. ISDA supports the BoE’s plan to extend RTGS and CHAPS settlement hours...