On October 30, ISDA submitted comments on the European Parliament’s (EP) proposed transaction reporting and transparency-related amendments to the European Commission’s Market Integration and Supervision Package (MISP).
On transaction reporting, ISDA commends the EP’s ambition but cautions against trying to achieve significant structural reform of transaction reporting under MISP. ISDA believes this would be better achieved under a separate legislative vehicle that would afford adequate time for scrutiny and revision of the proposed legislation.
On transparency, ISDA supports the EP’s amendments to remove post-trade transparency requirements for transactions executed between non-EU branches of EU investment firms and non-EU counterparties, where those transactions are made publicly transparent on third-country approved publication arrangements subject to a transparency regime similar to that under the Markets in Financial Instruments Regulation.
Documents (2) for ISDA Comments on European Parliament Amendments to MISP
Latest
Response on UK MIFIR Reporting Guidelines
On November 6, ISDA responded to the Financial Conduct Authority’s (FCA) consultation CP26/34 ‘Preparing for the new transaction reporting regime’ on the upcoming changes to the UK Markets in Financial Instruments Regulation (MIFIR) transaction reporting regime, as set out in...
Response on Transaction Reporting and Transparency
On October 30, ISDA submitted comments on the European Parliament’s (EP) proposed transaction reporting and transparency-related amendments to the European Commission’s Market Integration and Supervision Package (MISP). On transaction reporting, ISDA commends the EP’s ambition but cautions against trying to...
Joint Paper on EC Tax Omnibus
On November 5, ISDA, the Association for Financial Markets in Europe (AFME) and the International Securities Lending Association (ISLA) submitted a paper to support the proposed European Commission (EC) Tax Omnibus as a route to simpler, more certain cross-border taxation....
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On November 2, ISDA responded to the Financial Conduct Authority’s (FCA) call for input on tokenized gold. ISDA supports the use of tokenized gold as wholesale collateral and highlights the benefits it could bring to collateral management and settlement. ISDA...