ISDA Request to Extend Relief under CFTC No-Action Letter 22-18

On June 30, 2025, ISDA requested to extend the relief under the Commodity Futures Trading Commission’s (CFTC) no-action letter No. 22-18. ISDA requests that the relief is extended until further action by the CFTC resolves the overlapping and contradictory reporting obligations in respect of the P45 obligations for exempt derivatives clearing organizations (DCOs)/no-action DCO swaps and related alphas accepted for clearing by those exempt DCOs/no-action DCOs, or until the revocation or expiration of the exemptive order or no-action letter issued to the relevant exempt DCO or no-Action DCO.

Documents (1) for ISDA Request to Extend Relief under CFTC No-Action Letter 22-18

Strengthening DC Governance

The Credit Derivatives Determinations Committees (DCs) play a vital role. Without a single, industry-wide determination on whether a credit event has occurred, it simply wouldn’t be possible to clear credit default swaps (CDS), making the market less safe and less...

ISDA CSA Significant Errors Notification SOP

The ISDA CSA Notification of Significant Error or Omissions Suggested Operational Practices (SOP) considers current institutional processes and outlines suggested operational practices related to the new requirement under §26.3(2) of the Canadian Trade Repositories and Derivatives Data Reporting rules rewrite...

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:...