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 Publishes Saudi Arabia Netting Opinions

ISDA has published new legal opinions that recognize the enforceability of close-out netting under regulations published by the Saudi Central Bank (SAMA) earlier this year. SAMA’s netting regulations were published in February, meaning all Group-of-20 jurisdictions now recognize the enforceability...

Get Ready for the ISDA Notices Hub

No one wants to have to terminate a derivatives trading relationship – that usually means a counterparty has failed to make a payment or has become insolvent. At an already stressful time, the last thing anyone needs is to experience...

ISDA Publishes Paper on SFDR Review

On June 23, ISDA and the Association for Financial Markets in Europe (AFME) published a position paper on the review of the Sustainable Finance Disclosure Regulation (SFDR). The paper acknowledges that the SFDR needs to be revised in line with...