ISDA and AFME Response to FCA on Transparency of Enforcement Decisions

On February 17, ISDA and the Association for Financial Markets in Europe (AFME) responded to the UK Financial Conduct Authority’s (FCA) consultation on greater transparency of enforcement decisions. The FCA’s proposal, which gives it the ability to publicly name firms at the start of an investigation, continues to cause trepidation across the industry. In the response, ISDA and AFME highlight concerns that the current proposals are harmful to UK competitiveness and growth and suggest a broader interpretation of the existing exceptional circumstances test could be used to meet the FCA’s objectives. This is the second consultation ISDA and AFME have responded to. The first response from May 7, 2024 is available here.

Documents (1) for ISDA and AFME Response to FCA on Transparency of Enforcement Decisions

Bulk Adherence Upload Page

Please download the attached Excel worksheet and fill out a separate row for each adherence. Then select and upload your completed file using the buttons below. If any errors are found, please correct and re-upload. Note that, if the only...

ISDA Response to HMT SI on Digital Assets

On May 23, ISDA sent a comment letter in response to a draft statutory instrument (SI) from His Majesty’s Treasury (HMT) that establishes a new regulatory framework for digital assets. In the letter, ISDA recommends a review of the proposed...

FX Emerging Markets Documentation

ISDA now hosts the Template Terms published by EMTA, Inc. (the Emerging Markets Traders Association). More information about ISDA’s and EMTA’s respective roles in documentation for emerging markets is available at the following link. The documents can be found in...