On September 12, ISDA submitted a response to a consultation run jointly by the UK Financial Conduct Authority (FCA) and the Bank of England on additional Q&As under the UK European Market Infrastructure Regulation (UK EMIR).
The first Q&A proposes the application of a technical international securities identification number (ISIN) to be used in specific scenarios as the underlying identifier when the underlier does not have an ISIN. The second Q&A provides clarification on how to report an FX swap.
ISDA supports both these proposed Q&As, but with a request for some additional clarification. Subject to feedback on the consultation, the FCA intends to publish the final Q&As in the fourth quarter of 2025.
Documents (1) for ISDA Responds to FCA on Additional Q&As Under UK EMIR Reporting
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