On January 25, 2023, ISDA responded to the Financial Conduct Authority’s (FCA) consultation CP22/20 Sustainability Disclosure Requirements (SDR) and Investment Labels. In the response, ISDA highlights its support for the approach the FCA is taking by not developing rules that specifically relate to derivatives and instead monitoring developments and implementing guidance to increase transparency on the use of derivatives in sustainable investment products. ISDA recommends the FCA pursues a principles-based approach to setting out SDR and investment labels, bearing in mind the importance of international coherence and interoperability of rules. The response also outlines the contributory role of derivatives in sustainable finance, including new products such as sustainability-linked derivatives.
Documents (1) for Response to FCA’s Consultation on Sustainability Disclosure Requirements and Investment Labels
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ISDA Omnibus Canadian Representation Letter
On September 2, ISDA published the Omnibus Canadian Representation Letter, which combines previously published representation letters drafted to assist firms in compliance with Canadian trade reporting, business conduct, regulatory margin and clearing classification rules. The Omnibus Canadian Letter is designed...
Joint Response on Cross-margining
On August 31, ISDA and FIA submitted a letter to the US Commodity Futures and Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) on the agencies’ joint request for comment on the implementation of portfolio margining and cross-margining...
Accounting for Carbon Credits: Latest Developments
This paper updates and extends the analysis set out in ISDA’s October 2023 paper on accounting for carbon credits. While preserving the original focus on the accounting treatment of voluntary carbon credits (VCCs) and compliance carbon credits (CCCs), it expands...
Response to SEC on FICC Guaranty Fund
On September 1, ISDA and FIA submitted a joint response to the US Securities and Exchange Commission (SEC), supporting the Fixed Income Clearing Corporation’s (FICC) proposal to establish a dedicated guaranty fund at its government securities division (GSD). FICC had...