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 ‘safeguarding’ activity, noting that the current definition and scope, particularly on ‘control’ and acting ‘on behalf of another’, could unintentionally capture standard collateral arrangements in the derivatives market, including both security interest and title transfer structures. ISDA recommends clarifying definitions, limiting scope and aligning the new rules with existing regulatory structures to avoid operational burdens and unintended consequences.
Documents (1) for ISDA Response to HMT SI on Digital Assets
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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...
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A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in May 2025.
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
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