On June 23, ISDA responded to the Financial Conduct Authority’s (FCA) consultation on changes to conduct and organizational requirements under the UK’s Markets in Financial Instruments Directive (MIFID). ISDA agrees with the FCA’s proposal to remove the two sets of best execution reporting requirements in the UK: the obligation on execution venues to publish a report on a variety of execution quality metrics (RTS 27 reports) and the obligation on investment firms that execute orders to produce an annual report setting out the top-five venues used for executing client orders and a summary of the execution outcomes achieved (RTS 28 reports).
Documents (1) for ISDA Responds to FCA on UK MIFID’s Conduct and Organizational Requirements
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Revised Sub-Annex A to the Commodity Definitions
On April 28, 2025, ISDA published a new version of Sub-Annex A to the 2005 ISDA Commodity Definitions (Sub-Annex A). Sub-Annex A contains a list of Commodity Reference Prices (CRPs) and related terms that parties can reference in over-the-counter derivatives...
Response to FASB on KPIs for Business Entities
On April 30, ISDA submitted a response to the Financial Accounting Standards Board’s (FASB) proposal on financial key performance indicators (KPIs) for business entities. In the response, ISDA addressed the implications of KPI standardization, its potential impact on financial reporting...
Updated OTC Derivatives Compliance Calendar
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Response on Commodity Derivatives Markets
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