ISDA and AFME Respond to ESMA’s Consultation on ESG Suitability Guidelines

On April 27, 2022, ISDA and the Association for Financial Markets in Europe submitted a joint response to the European Securities and Markets Authority’s consultation on its draft guidelines on sustainability aspects of the Markets in Financial Instruments Directive (MIFID II) suitability requirements. The associations highlight the need for a simplified procedure for the determination of a clients’ sustainability preferences. Of particular importance to ISDA members, the response highlights that environmental, social and governance suitability requirements should not be applicable when a client is pursuing hedging via over-the-counter derivatives.

Documents (1) for ISDA and AFME Respond to ESMA’s Consultation on ESG Suitability Guidelines

Joint Response on Future of Tokenization

On July 6, ISDA and Global Digital Finance (GDF) submitted a joint response to a call for input on the future of tokenization by the Financial Conduct Authority (FCA) and Bank of England. Tokenization presents a significant opportunity for the...

Letter on EU Legislative Reform

On July 1, ISDA and 11 other trade associations published a statement on enhancing the EU legislative and supervisory framework to support market competitiveness. The statement highlights a significant opportunity to strengthen the EU’s regulatory and supervisory framework through the...