JAC Letters to European Authorities Seeking Clarity on PRIIPs Regulation

On February 17, 2016, the Joint Associations Committee on Retail Structured Products (JAC) sent two letters above to the European Authorities. The first letter sought to highlight the four very significant issues relating to the scope of the PRIIPs regulation which remained unclear: scope, territoriality, secondary trading issues and grandfathering and gold plating. The second letter sets out the detailed aspects of the regulation and RTS which the JAC felt required clarification prior to implementation.

ISDA Response to ESMA on CCP Model Validation

On April 7, ISDA responded to the European Securities and Markets Authority’s (ESMA) consultation on draft regulatory technical standards (RTS) under article 49(5) of the European Market Infrastructure Regulation (EMIR), on the conditions for an application for validation of model...

Cross-product Netting Under US Capital Rules

ISDA, FIA and the Securities Industry and Financial Markets Association (SIFMA) have developed a discussion paper to: (i) provide an overview of cross-margining programs developed by clearing organizations and their importance in the context of implementing recent market reforms with...