SEC Title VII implementation documentation issues

Developing member recommendations for UK derivative transparency reform.

Under the current SRO Rules, a full legal review is required for all SROs (for both the initial determination and replenishments), however, it was never established how to fund the number of legal reviews necessary to grow and maintain the SRO List. This has resulted in the current SRO List only covering a small universe of Reference Entities and consisting largely of matured obligations which have not been replaced.

This working group will focus on producing new provisions to document securities financing transactions (SFTs) in respect of Korean securities under the ISDA Securities Financing Transactions Definitions.

Internal and External conduct of business issues in SEC Title VII implementation

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).

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.

Developing and executing ISDA’s green and sustainable finance policy work in the EU.

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

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