ISDA and AFME Response to HMT on Short Selling Regulation

On March 5, 2023, ISDA and the Association for Financial Markets in Europe (AFME) responded to His Majesty’s Treasury’s call for evidence on the short selling regulation review. In the response, the associations argue the current prohibition in the short selling regime for sovereign credit default swaps could be removed, as it has led to inefficiencies in the market. ISDA and AFME members support changes to the market-maker exemption, including making the application process easier, and suggest reverting to a higher reporting threshold for net short positions to the Financial Conduct Authority to reduce costs and administrative burdens.

Documents (1) for ISDA and AFME Response to HMT on Short Selling Regulation

ISDA Response on Clearing Costs

On September 8, ISDA responded to consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard on clearing fees and associated costs (article 7c(4) of the European Market Infrastructure Regulation (EMIR)). In the response, ISDA...

ISDA Response on Margin Transparency

On September 8, ISDA responded to a consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard under the European Market Infrastructure Regulation (EMIR 3.0) on margin transparency requirements. ISDA’s members are supportive of margin...

Paper on Liquidity Assessment for Single-name CDS

On September 5, ISDA submitted a paper to the European Securities and Markets Authority (ESMA) and the European Commission in support of its earlier response to ESMA’s Markets in Financial Instruments Regulation (MIFIR) review consultation package 4 (CP4) on transparency...