On June 23, ISDA responded to the Financial Conduct Authority’s (FCA) consultation on changes to conduct and organizational requirements under the UK’s Markets in Financial Instruments Directive (MIFID). ISDA agrees with the FCA’s proposal to remove the two sets of best execution reporting requirements in the UK: the obligation on execution venues to publish a report on a variety of execution quality metrics (RTS 27 reports) and the obligation on investment firms that execute orders to produce an annual report setting out the top-five venues used for executing client orders and a summary of the execution outcomes achieved (RTS 28 reports).
Documents (1) for ISDA Responds to FCA on UK MIFID’s Conduct and Organizational Requirements
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Response to FCA on Commodity Derivatives Clearing
On April 9, ISDA, the Commodity Markets Council Europe (CMCE), Energy Traders Europe (ETE) and FIA jointly responded to Chapter 7 of the UK Financial Conduct Authority’s (FCA) Quarterly Consultation CP26/8 on increasing the clearing threshold for commodity derivatives under the UK...
Response on EC’s SFR Proposal
On April 9, ISDA published technical comments on the European Commission’s (EC) proposed Settlement Finality Regulation (SFR) as it applies to designated EU systems and registered third-country systems. One significant concern is that the scope of insolvency protections provided to...
Natixis CIB Adopts ISDA’s DRR
ISDA has announced that Natixis CIB has adopted ISDA’s Digital Regulatory Reporting (DRR) solution, enabling the bank to meet regulatory reporting requirements more efficiently and accurately. The ISDA DRR uses the Common Domain Model (CDM) – an open-source data standard...
Paper on MIFIR PTT
On April 7, ISDA, the Association for Financial Markets in Europe (AFME), the International Capital Market Association (ICMA) and the European Banking Federation (EBF) published a paper on proposals relating to post-trade transparency (PTT) under the Markets in Financial Instruments...