This group will discuss changes to clearing obligations driven by the introduction of risk free rates, beginning with the BoE consultation.

A sub-Working Group focused on issues related to CFTC 45.14/43.3(e) reporting obligations.

The Organized Trade Execution Regulatory Implementation Committee (“OTE RIC”), covers all issues associated with the execution of derivatives on U.S. SEF trading platforms. In order to develop comprehensive solutions with the widest possible industry buy-in, the Committee brings together the sell-side, buy-side and those who operate trading platforms. It will consider a broad set of issues, including trading functionality, market structure and issues of access. The Committee is global in its coverage.

The Rates Market Infrastructure Group is responsible for the implementation and delivery of the OTC Interest Rates operations agenda.

Policy and legal questions regarding the UK regulatory framework are the focus of this working group.

To disseminate policy, regulatory and legal information about clearing in the United States.

The SIMM Governance Forum is responsible for updating and maintenance of SIMM by agreeing model changes, conducting annual backtesting, calibration and benchmarking and quarterly monitoring cycles. This form allows member firms to discuss broad issues regarding the ISDA SIMM and consider requests and comments from regulators and market participants regarding the SIMM methodology.

The ISDA Swap Connect Documentation Group provides a forum for industry participants to review the ISDA/FIA Client Cleared OTC Derivatives Addendum in light of the recently published proposed amendments to the Clearing Rules and Procedures of OTC Clear in relation to Northbound Swap Connect as well as related risk disclosure issues.

Industry subgroup set up to work through the CFTC Reporting aspects related to the IBOR transition.

Interaction and updates on the SIMM developments for licensed vendors.