Developing member recommendations for UK derivative transparency reform.

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.

SEC Title VII implementation documentation issues

Exclusive to legal entities subject to UMR Phase 6 requirements, this group will serve as a resource for firms who are implementing documentation, risk management, and operational procedures to be compliant with UMR.

In response to member feedback related to the Covid-19 pandemic and recent global sanctions, this working group will consider changes or refinements to certain provisions under the ISDA Master Agreement, including: (1) the standard notices provisions of the ISDA Master Agreement, including review of permitted notice methods and whether to include provisions addressing the situation where the listed notice methods are impossible to use; and (2) force majeure language under the ISDA Master Agreement, including the English Law CSA and New York Law CSA based on treatment as a Credit Support Document and consequent application of a waiting period for non-delivery of collateral due to force majeure.

The objective of the Workstream is to create a new suite of CSA documentation to comply with margin requirements. The suite of documentation will include collateral support documentation for Japan, English and New York law arrangements, self assessment tools, segregation agreements, and protocols to migrate from old structures to new.

This working group will focus on producing new documentation to document securities financing transactions (SFTs) under the ISDA Master Agreement.

This contact list will receive information on ISDA’s industry initiative to draft, review and publish revisions to existing ISDA documentation as well as the development of new documentation to facilitate compliance with regulatory requirements.

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

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