On September 16, 2022, ISDA submitted a response to the Financial Conduct Authority’s (FCA) consultation on improving equity secondary markets (CP22/12). Although the focus of the consultation was primarily on equity markets, the FCA was also consulting on introducing a designated reporter regime for all asset classes, including derivatives. ISDA endorses the responses by the Association for Financial Markets in Europe and UK Finance, and all associations support the creation of this regime at asset-class level. The new regime is designed to allocate the obligation to report trades to the public to sell-side firms.
Documents (1) for Associations Support a Designated Reporter Regime in the UK
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FSS published its Guidelines on Margin Requirements for Non-Centrally Cleared OTC Derivatives Transactions
On September 1, the FSS published its Guidelines on Margin Requirements for Non-Centrally Cleared OTC Derivatives Transactions. The guidelines extend the temporary exemption for equity options from the margin requirements until August 31, 2027. ISDA previously submitted a response to...
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
10 Years of the ISDA SIMM
As the derivatives industry prepared for the September 2016 implementation of initial margin requirements for non-cleared derivatives, one challenge stood out: counterparties needed to agree on the amount of initial margin to be exchanged. But if each firm developed its...
Expanding the Universe of Eligible VM
ISDA conducted a series of interviews with buy- and sell-side firms to understand the drivers of a growing use of non-cash assets as variation margin (VM) for non-cleared over-the-counter (OTC) derivatives and the barriers that remain to expanding the use...