On October 16, ISDA responded to the Financial Conduct Authority’s (FCA) consultation CP26/30. While the consultation is principally focused on cash equity market structure and transparency, ISDA responded to questions on the potential inclusion of equity swaps in the scope of public transparency and the proposed introduction of a three-year window for back-reporting of incorrect and failed post-trade transparency reports.
On the possibility of expanding the scope of transparency to include equity swaps, ISDA expanded on its previous opposition to this in its response to the discussion paper within CP25/20.
On the imposition of a three-year window for back-reporting for post-trade transparency, ISDA argued that the FCA should consult further to determine the appropriate balance between ensuring the market has access to all relevant information about executed transactions and that the regulatory costs for firms are proportionate to the benefits delivered.
Documents (1) for ISDA Responds to FCA on Post-trade Transparency Back-reporting and Equity Swap Transparency
Latest
ISDA Wins Regulation Asia Award
ISDA has been awarded Outstanding Contribution to Regulatory Reforms for the ISDA Digital Regulatory Reporting (ISDA DRR) solution by Regulation Asia at its ninth annual Awards for Excellence. The ISDA DRR uses the Common Domain Model to convert an industry-agreed...
DTF Tokyo: JFSA Remarks
On October 23, Kei-Ichiro Inaba, deputy commissioner for international affairs at the Financial Services Agency, Government of Japan (JFSA), delivered keynote remarks at the ISDA Derivatives Trading Forum in Tokyo. Click here to read the speech.
ISDA Launches RFP for Trade Eligibility Solution
ISDA has launched a request for proposal (RFP) for the development of a trade reporting eligibility tool for use alongside the ISDA Digital Regulatory Reporting (DRR) solution. The eligibility tool is intended to provide analysis on whether a derivatives transaction...
Joint Response to ETS Review
On November 2, ISDA and the Association for Financial Markets in Europe submitted a joint statement on the European Commission’s call for feedback on the review of the EU Emissions Trading System (ETS). The response highlights the importance of a...