ISDA Writes to EC on EMIR Article 13 Equivalence

On September 27, ISDA wrote to the European Commission (EC), asking it to address the conditions in Article 13 of the European Market Infrastructure Regulation (EMIR) and related equivalence decisions that make it difficult for EU firms to avoid duplicative and conflicting rules, including for the purpose of compliance with phases five and six of initial margin requirements for non-cleared trades.

Response on CCP Participation Requirements

On December 24, ISDA responded to a consultation from the European Securities and Markets Authority (ESMA) on central counterparty (CCP) participation requirements. Participation requirements for CCPs are vital for safe and efficient clearing markets, and ISDA broadly supports ESMA’s consultation...