SEC Title VII implementation documentation issues

Under the current SRO Rules, a full legal review is required for all SROs (for both the initial determination and replenishments), however, it was never established how to fund the number of legal reviews necessary to grow and maintain the SRO List. This has resulted in the current SRO List only covering a small universe of Reference Entities and consisting largely of matured obligations which have not been replaced.

Developing member recommendations for UK derivative transparency reform.

Developing and executing ISDA’s green and sustainable finance policy work in the EU.

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.

Task force to discuss clearing related topics to EMIR REFIT. This will be in particular Post Trading Risk Reduction services and the use of money market funds for CCP investment.

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

The U.S. Regulatory Distribution List’s primary objective is to educate and inform membership of U.S. public policy-related issues, such as CFTC and SEC activities, Congressional developments and ongoing litigation. The committee contributes to the development of ISDA’s policy positions and reviews and responds to initiatives from U.S. policymakers.

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

This group will be responsible for regulation/documentation and protocol amendments/annexes to the ISDA 2015 Universal Resolution Stay Protocol – this group contains member firms and 3 trade associations who have contributed to the project (SIFMA/ICMA and ISLA).