On October 10, ISDA, the Association for Financial Markets in Europe (AFME) and the International Capital Market Association (ICMA) published a paper on the practical implications of the recent discontinuation of the systematic internalizer (SI) regime for derivatives, bonds and other non-equity financial instruments in the EU, and the expected discontinuation in the UK in the near future.
The impact of this change is expected to be minimal in both jurisdictions, but it may not be well understood by all market participants.
Documents (1) for Joint Paper on Removal of SI Regime for Derivatives and Bonds in the EU and UK
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