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.

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

The U.S. Regulatory Distribution List’s primary objective is to educate and inform membership of U.S. public policy-related issues, such as CFTC and SEC activities, Congressional developments and ongoing litigation. The committee contributes to the development of ISDA’s policy positions and reviews and responds to initiatives from U.S. policymakers.

Policy and legal questions regarding the UK regulatory framework are the focus of this working group.

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).

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

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

The SIMM Governance Forum is responsible for updating and maintenance of SIMM by agreeing model changes, conducting annual backtesting, calibration and benchmarking and quarterly monitoring cycles. This form allows member firms to discuss broad issues regarding the ISDA SIMM and consider requests and comments from regulators and market participants regarding the SIMM methodology.

Interaction and updates on the SIMM developments for licensed vendors.

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.