Following consultations and agreement with members of the ISDA Equity Steering Committee (“ESC”), ISDA has launched an initiative to allow additions and improvements to be made to the 2002 ISDA Equity Derivatives Definitions (the “2002 Equity Definitions”). The first step of such initiative is to publish a digital version of the 2002 Equity Definitions with the ability to be updated over time within ISDA’s MyLibrary platform.
Such first publication, expected to take place by the end of 2023, will be version 1.0 of the 2002 ISDA Equity Derivatives Definitions (Versionable Edition) (the “2002 Equity Definitions VE”), which, apart from the ability to be updated in the future, will be substantively the same as the 2002 Equity Definitions.
ISDA will work with members of the ISDA Equity Groups to prioritise the items that would be gradually added to subsequent versions of the 2002 Equity Definitions VE, to determine the timelines for publication of future versions and to devise a market adoption plan of the new definitions booklet.
Interested ISDA members can join the ISDA Equity Definitions Legal Group (open to legal representatives only) or the ISDA Equity Market Infrastructure Group and email ISDA Market Infrastructure and Technology (MarketInfrastructureandTechnology@isda.org) for further information.