ISDA Paper to HMT on Draft Statutory Instrument

On March 8, 2023, ISDA sent a paper to His Majesty’s Treasury on its draft prospectus statutory instrument (SI). In the paper, ISDA highlights its concern for the proposed widened scope of the prospectus regime as it may inadvertently capture over-the-counter derivatives. The draft legislation was published as part of the Edinburgh Reforms as an illustrative draft SI to give an indication of how the powers relating to retained EU Law in the Financial Services and Markets Bill will be used, and how relevant SIs may be structured.

Documents (1) for ISDA Paper to HMT on Draft Statutory Instrument

ISDA Publishes Saudi Arabia Netting Opinions

ISDA has published new legal opinions that recognize the enforceability of close-out netting under regulations published by the Saudi Central Bank (SAMA) earlier this year. SAMA’s netting regulations were published in February, meaning all Group-of-20 jurisdictions now recognize the enforceability...

Get Ready for the ISDA Notices Hub

No one wants to have to terminate a derivatives trading relationship – that usually means a counterparty has failed to make a payment or has become insolvent. At an already stressful time, the last thing anyone needs is to experience...

ISDA Publishes Paper on SFDR Review

On June 23, ISDA and the Association for Financial Markets in Europe (AFME) published a position paper on the review of the Sustainable Finance Disclosure Regulation (SFDR). The paper acknowledges that the SFDR needs to be revised in line with...