On April 17, ISDA submitted a comment letter in response to the Fixed Income Clearing Corporation’s (FICC) proposed rule changes published by the Securities and Exchange Commission (SEC) on March 27, 2024. The changes would modify FICC’s government securities division (GSD) rule book so that FICC can facilitate access to clearing and settlement services of all eligible secondary market trades in US Treasury securities, in accordance with the Securities Exchange Act of 1934. The letter also addresses FICC’s advance notice to amend the GSD rules and proposed rule changes on separate and independent calculation, collection and holding of margin, published by the SEC on March 28, 2024.
Subsequently, the SEC solicited additional comments from market participants on FICC’s proposals related to the agent clearing model, as well as margin segregation via a series of questions. ISDA responded to the SEC’s questions on July 18, 2024.
Documents (2) for ISDA Submits Comments to FICC on Proposed Rule Changes Related to Clearing Models and Margin Segregation
Latest
ISDA, FIA and SIFMA Letter on Sunset of Swaps LTR Rules (Part 20)
On May 20, 2026, ISDA, FIA and SIFMA submitted a joint letter to U.S. Commodity Futures Trading Commission (CFTC) to request the CFTC to sunset large trader reporting rules (LTR) rules for physical commodity swaps pursuant to Regulation 20.9.
ISDA-SIFMA Letter – CFTC-SEC Harmonization
On May 19, 2026, ISDA and SIFMA submitted a joint letter to the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on SEC and CFTC harmonization, as part of the agencies’ Joint Harmonization Initiative which...
ISDA AGM Studio: Jim Byrd, RBC Capital Markets
Jim Byrd, global head, macro products, at RBC Capital Markets, joins the ISDA AGM studio to discuss the main risks and opportunities in the current trading environment and what needs to be done to avoid liquidity squeezes during periods of...
ISDA AGM Studio: Michelle Beck, FCA
Michelle Beck, director for wholesale buy‑side oversight at the Financial Conduct Authority, speaks with ISDA’s global head of public policy, Steven Kennedy, about the regulatory approach to systemic risk in non‑bank financial intermediation after a panel discussion on how robust...