SEC Title VII implementation documentation issues

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.

Developing member recommendations for UK derivative transparency reform.

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.

Industry subgroup set up to work through the CFTC Reporting aspects related to the IBOR transition.

This contact list will receive information on ISDA’s industry initiative to draft, review and publish revisions to existing ISDA documentation as well as the development of new documentation to facilitate compliance with regulatory requirements.

The objective of the Workstream is to create a new suite of CSA documentation to comply with margin requirements. The suite of documentation will include collateral support documentation for Japan, English and New York law arrangements, self assessment tools, segregation agreements, and protocols to migrate from old structures to new.

The FCM Customer Legal Opinion Contacts is a group of ISDA bank members who have corresponded with ISDA regarding netting opinions for customers that enter into cleared swaps under the US FCM model.

In response to member feedback related to the Covid-19 pandemic and recent global sanctions, this working group will consider changes or refinements to certain provisions under the ISDA Master Agreement, including: (1) the standard notices provisions of the ISDA Master Agreement, including review of permitted notice methods and whether to include provisions addressing the situation where the listed notice methods are impossible to use; and (2) force majeure language under the ISDA Master Agreement, including the English Law CSA and New York Law CSA based on treatment as a Credit Support Document and consequent application of a waiting period for non-delivery of collateral due to force majeure.

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