On April 5, ISDA sent a letter to HM Treasury, co-signed by FIA (Futures Industry Association), AFME (Association for Financial Markets in Europe), AIMA (Alternative Investment Management Association), Assosim (Association for Financial Market Intermediaries), EFET (European Federation of Energy Traders), ICI-Global (Investment Company Institute), UK Finance and SIFMA AMG (Securities Industry and Financial Markets Association Asset Management Group).

The letter requests urgent action by the UK authorities to adopt equivalence decisions regarding EEA trading venues under EMIR UK and MIFID UK, explaining the impact on UK market participants and derivatives markets of a ‘no deal’ scenario. ISDA, and a number of national associations,  have recently written to the European authorities requesting the equivalence of UK trading venues