ISDA has responded to a consultation by the UK Financial Conduct Authority (FCA) to introduce a new mechanism to officially recognize industry written codes of conduct in unregulated markets and on the extension of FCA Principle 5 for Businesses (a firm must observe proper standards of market conduct) to cover unregulated activities.
ISDA welcomes the FCA’s intent to encourage codes of conduct, but highlights several concerns with the recognition framework as proposed – for example, on the need to clarify the FCA approach to supervision and enforcement, as well as on the voluntary nature of codes of conduct.
Click on the PDF to read the full response.
Documents (1) for ISDA Responds to FCA Consultation on Codes of Conduct
Latest
S&P Global Selected as DC Administrator
ISDA and the Credit Derivatives Governance Committee have announced that S&P Global Market Intelligence has been selected as the administrator for the Credit Derivatives Determinations Committees (DCs). The announcement follows an invitation to tender in November 2025. The DC administrator...
Supporting ISDA SIMM Adoption in Australia
Derivatives have become a critical tool for Australia’s massive superannuation sector, as funds look to manage the risks associated with their expanding offshore investments. The use of derivatives brings real risk management benefits, but it also means funds need to...
ISDA, GDF Respond to the Central Bank of Ireland on DLT and Tokenization
On June 3, ISDA and Global Digital Finance responded to the Central Bank of Ireland’s discussion paper on distributed ledger technology (DLT) and tokenization in financial services. The response focuses on the potential role of DLT and tokenization within wholesale...
Response to Consultation on Dividend Stripping
On May 28, ISDA and the Association for Financial Markets in Europe (AFME) responded to the Dutch Ministry of Finance’s consultation on additional anti-dividend stripping measures, urging that the proposed rules should target only abusive arrangements and not ordinary, commercially...