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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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...