ISDA Submits Paper to ESMA on MIFIR Post-trade Transparency

On October 8, ISDA submitted a paper to the European Securities and Markets Authority (ESMA), in which it outlines its views on the scope of over-the-counter (OTC) derivatives post-trade transparency in the revised Markets in Financial Instruments Regulation (MIFIR). ISDA met with ESMA staff in July, with ESMA encouraging ISDA to share with it the consensus developed among ISDA members as to how the MIFIR post-trade transparency regime should be applied in practice. The paper outlines ISDA’s view on the treatment of certain interest rate derivatives, index credit default swaps and securitized derivatives.

ISDA is anticipating the publication of ESMA’s consultation paper on the revised regulatory technical standards, covering OTC derivatives, later in 2024 or in the first quarter of 2025.

Documents (1) for ISDA Submits Paper to ESMA on MIFIR Post-trade Transparency

Response on EMIR Active Account Consultation

On January 27, ISDA responded to the European Securities and Markets Authority’s (ESMA) consultation on the active account requirement (AAR) introduced under the revised European Market Infrastructure Regulation (EMIR 3.0). In the response, ISDA highlighted significant concerns about the proposed...

Deadline Pressure on Treasury Clearing

By the end of this year, the first phase of the US Securities and Exchange Commission’s (SEC) Treasury clearing mandate is scheduled to come into force, affecting users of US Treasury securities all over the world. It’s difficult to overstate...

ISDA Publishes Equity Definitions VE, Version 2.0

ISDA has published version 2.0 of the ISDA Equity Derivatives Definitions (Versionable Edition) (the “Equity Definitions VE”) on the MyLibrary platform. This publication includes, among other updates, provisions that can be used for documenting transactions with time-weighted average price or volume-weighted average price features,...