On August 27, 2020, ISDA and the Association for Financial Markets in Europe wrote to European authorities to request that the regulatory technical standards (RTS) related to novation start to apply as soon as possible and continue to be available until December 31, 2021. The letter also requests that these RTS extend to firms that operate out of the UK, in addition to those established in the UK.
This is a follow-up to our letter of November 25, 2019.
Click on the PDF below to read the letter in full.
Documents (1) for ISDA Requests Extension of Relief on Brexit-related Novations
Latest
ISDA Responds to AMLA on AMLR
On May 7, ISDA responded to the Anti-Money Laundering Authority’s (AMLA) consultation on draft regulatory technical standards (RTS) on customer due diligence under the Anti-Money Laundering Regulation (AMLR). In the response, ISDA endorsed the Association for Financial Markets in Europe’s...
Episode 57: Clarity on Crypto
As the Clarity Act works its way through Congress, US regulators are evolving their approach to digital assets. Securities and Exchange Commission commissioner Hester Peirce joins The Swap to talk about crypto regulation, Treasury clearing and artificial intelligence. Please view...
ISDA AGM Studio: Darcy Bradbury & Tyler Wellensiek
Darcy Bradbury, ISDA board member and managing director at D. E. Shaw, and Tyler Wellensiek, managing director and global head of market structure at BlackRock, speaks with Chris Young, ISDA’s head of US public policy, about how the post‑crisis regulatory...
Response to ESMA Guarantees
On April 30, ISDA responded to the European Securities and Markets Authority (ESMA) consultation paper on guarantees as central counterparty (CCP) collateral and certain aspects of CCP investment policy. ISDA broadly supports ESMA’s proposed draft regulatory technical standards (RTS) to...