ISDA and the Association for Financial Markets in Europe (AFME) have published a paper on the EU directive regarding mandatory automatic exchange of information in the field of taxation in relation to reportable, cross-border arrangements (DAC 6).
There is currently a lack of guidance specifically addressing the application of the DAC 6 disclosure hallmarks to financial products. ISDA and AFME have therefore developed this paper to propose a common approach, based on market participants’ understanding of DAC 6 principles.
Although non-binding, the paper is being made publicly available to ensure the analysis and conclusions are transparently disclosed to market participants and to foster dialogue among stakeholders, including government authorities.
Documents (1) for Application of DAC 6 to Financial Products and Services
Latest
Paper on Proposal 6 on Margin Transparency
On November 16, ISDA published a document that looked at proposal 6 in the final Basel Committee on Banking Supervision (BCBS), Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO) report on margin transparency. Proposal...
Tender Issued for DC Administrator Role
ISDA and the Credit Derivatives Governance Committee have issued an invitation to tender for an independent regulated entity to serve as the administrator for the Credit Derivatives Determinations Committees (DCs), which includes assuming the role of DC secretary. The DC...
ISDA SIMM: The Standard for IM Calculations
The ISDA Standard Initial Margin Model (ISDA SIMM) plays an important role in ensuring margin calculations are consistent, transparent and aligned with global best practices and regulatory requirements. Since its launch in 2016, the model has been rigorously tested, regularly...
ISDA In Review – October 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in October 2025.