A sub-Working Group focused on issues related to CFTC 45.14/43.3(e) reporting obligations.

Exclusive to legal entities subject to UMR Phase 6 requirements, this group will serve as a resource for firms who are implementing documentation, risk management, and operational procedures to be compliant with UMR.

This group will discuss changes to clearing obligations driven by the introduction of risk free rates, beginning with the BoE consultation.

The Organized Trade Execution Regulatory Implementation Committee (“OTE RIC”), covers all issues associated with the execution of derivatives on U.S. SEF trading platforms. In order to develop comprehensive solutions with the widest possible industry buy-in, the Committee brings together the sell-side, buy-side and those who operate trading platforms. It will consider a broad set of issues, including trading functionality, market structure and issues of access. The Committee is global in its coverage.

Working Group to actively discuss and understand, across geographic regions an product types, the potential impact of sanctions on the operation of certain provisions of form ISDA contracts, and consider enhancements to contractual language, as well as to liaise with various regulators, as warranted, to further clarify the treatment of derivative transactions with respect to sanctions and related issues including BSA and AML compliance.

Interaction and updates on the SIMM developments for licensed vendors.

Task force to discuss clearing related topics to EMIR REFIT. This will be in particular Post Trading Risk Reduction services and the use of money market funds for CCP investment.

ISDA launched a survey in April 2022 to assess the current state of the Sustainability Linked Derivatives (“SLD”) market. Respondents indicated that they engage in SLD transactions and use existing ISDA documentation to do so. Given the strong member interest in this product, ISDA is convening this Working Group to develop standardized provisions for documenting SLDs. We envision that such provisions would be added to the ISDA Clause Library. As there is currently no single approach to documenting SLDs, having a range of standardized provisions will allow market participants the flexibility to document bespoke SLDs using standardized components.

To disseminate policy, regulatory and legal information about clearing in the United States.

This group will be responsible for regulation/documentation and protocol amendments/annexes to the ISDA 2015 Universal Resolution Stay Protocol – this group contains member firms and 3 trade associations who have contributed to the project (SIFMA/ICMA and ISLA).