The Security-Based Swap (SBS) Transaction Reporting Party Requirements Suggested Operational Practices (SOP) establishes the hierarchy and tie-breaker logic to determine a single reporting counterparty for SEC security-based swap reporting (SBSR). The document leverages the existing reporting party standards published by ISDA for CFTC and Canada, therefore allowing reporting entities to reuse aspects of their existing builds and to accommodate multi-jurisdictional reporting by a single reporting entity.
The document was updated on February 11, 2022 to reflect agreed suggested operational practices for Section 2 “SBS RCP Determination- Industry Standard Approach” Scenario #2 for SBS where a Non-US SBSD faces a Relying Entity.
Documents (2) for SEC SBS Transaction Reporting Party Requirements
Latest
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...