On October 6, ISDA, the Association for Financial Markets in Europe (AFME), the European Fund and Asset Management Association (EFAMA), the European Association of Co-operative Banks (EACB) and the European Banking Federation (EBF) published a policy statement in support of the European Commission’s (EC) efforts to simplify the application of the EU taxonomy. The statement emphasizes that reporting companies need legal certainty that the intended amendments and simplifications will apply as planned from January 1, 2026. It urges the European Parliament and the European Council to swiftly confirm their intention not to object to the delegated regulation amending the taxonomy delegated acts, with a view to enabling timely implementation and minimizing the impact on companies’ reporting and assurance processes.
The statement also notes that the draft delegated regulation provides for the postponement of the application of the trading book key performance indicator until 2028, which should not be jeopardized in view of recent policy developments, since its original date of application of January 1, 2026 would not only contradict the EC’s simplification and burden reduction objectives, but would also be impracticable from an operational perspective.
Documents (1) for Joint Association Letter on Simplification of Application of the EU Taxonomy
Latest
Why We Need Safe and Efficient SFT Markets
Securities financing transactions (SFTs) play a vital role in fostering liquidity, mobilizing collateral and supporting the smooth functioning of derivatives markets. But during periods of stress, secured funding markets often come under pressure just when they’re needed most, with reduced...
Response to BoE on Clearing Exemption for PTRR
On March 11, ISDA submitted a response to the Bank of England’s consultation on a proposed approach to exempting post-trade risk reduction (PTRR) transactions from the derivatives clearing obligation under Article 4 of the European Market Infrastructure Regulation (EMIR). ISDA...
IQ Interview with David Bailey
The Bank of England’s Prudential Regulation Authority recently finalized its Basel 3.1 framework for implementation at the start of 2027. David Bailey, executive director for prudential policy, talks to IQ about the importance of global consistency and the need to...
LSEG's TradeAgent Integrates ISDA DRR
ISDA has announced that LSEG has integrated ISDA’s Digital Regulatory Reporting (DRR) solution into its Post Trade Solutions business, TradeAgent, representing a significant milestone in the industry deployment of the ISDA DRR. The ISDA DRR converts an industry-agreed interpretation of...