ISDA Responds to FCA on UK MIFID’s Conduct and Organizational Requirements

On June 23, ISDA responded to the Financial Conduct Authority’s (FCA) consultation on changes to conduct and organizational requirements under the UK’s Markets in Financial Instruments Directive (MIFID). ISDA agrees with the FCA’s proposal to remove the two sets of best execution reporting requirements in the UK: the obligation on execution venues to publish a report on a variety of execution quality metrics (RTS 27 reports) and the obligation on investment firms that execute orders to produce an annual report setting out the top-five venues used for executing client orders and a summary of the execution outcomes achieved (RTS 28 reports).

Documents (1) for ISDA Responds to FCA on UK MIFID’s Conduct and Organizational Requirements

A Positive Step to Improve the FRTB in the EU

As the Basel III capital reforms are finalized for implementation in key jurisdictions, ISDA is maintaining a laser focus on making sure the rules are robust and risk-appropriate. Simply put, if capital requirements are set disproportionately high, this will have...