ISDA Response to the Quebec Charter of the French Language Proposed Amendments

The International Swaps and Derivatives Association, Inc. (“ISDA”) submitted a comment letter regarding proposed amendments to the Charter of the French Language, which would have a substantial impact on the derivatives industry in Quebec. ISDA proposed that the section at issue would not apply to contracts by mutual agreement in which the special terms and conditions specific to the parties were negotiable between them.

Response on CCP Participation Requirements

On December 24, ISDA responded to a consultation from the European Securities and Markets Authority (ESMA) on central counterparty (CCP) participation requirements. Participation requirements for CCPs are vital for safe and efficient clearing markets, and ISDA broadly supports ESMA’s consultation...