ISDA SIMM v2.8+2506 goes into effect on December 6, 2025. An initial application to the relevant competent authority is required by this date to ensure continued use by of ISDA SIMM® by financial and non-financial EU counterparties exchanging IM. As affirmed with the EBA, if an EU counterparty already submitted an initial application to its competent authority based on SIMM v2.7+2412, they do not need to resubmit because they are transitioning to SIMM v2.8+2506.
ISDA is providing guidance to ISDA SIMM® users to promote awareness and facilitate a consistent approach to preparing data for the initial application. At the request of SIMM users, ISDA has also developed a generic template for the initial application. Use of the template is optional and at the discretion of each applying entity. Questions may be directed to isdasimmtechsupport@isda.org
ISDA EU EMIR IM Model Application Guidance
ISDA EU EMIR IM Model Application Template
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ISDA In Review – December 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in December 2025.
Response to EC on Market Risk Prudential Framework
On January 6, ISDA, the Association for Financial Markets in Europe (AFME) and the Institute of International Finance (IIF) submitted a joint response to the European Commission’s (EC) targeted consultation on the application of the market risk prudential framework. ISDA,...
Updated OTC Derivatives Compliance Calendar
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Response on CCP Participation Requirements
On December 24, ISDA responded to a consultation from the European Securities and Markets Authority (ESMA) on central counterparty (CCP) participation requirements. Participation requirements for CCPs are vital for safe and efficient clearing markets, and ISDA broadly supports ESMA’s consultation...