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 ‘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

ISDA Paper on UPI Identifiers

On July 16, ISDA submitted a paper (UPI as the Foundation for OTC Derivatives Reporting: The Case for UPI) to the UK Financial Conduct Authority (FCA). The paper was developed to complement ISDA’s response to the FCA’s discussion paper DP24/2:...

IRD Trading Activity First Quarter of 2025

This report analyzes interest rate derivatives (IRD) trading activity reported in Europe. The analysis is based on transactions publicly reported by 30 European approved publication arrangements (APAs) and trading venues (TVs). Key highlights for the first quarter of 2025 include:...

Launch of ISDA Notices Hub and Protocol

ISDA has launched the ISDA Notices Hub and the ISDA 2025 Notices Hub Protocol, giving users a faster and more efficient method for delivering critical notices and reducing the uncertainty and risk of losses that can result from delays. The...