Advocacy

FIA has filed a comment letter broadly supporting the CFTC’s proposed rule on conflicts and affiliations, while recommending enhancements to strengthen safeguards in vertically integrated derivatives markets. FIA’s principal recommendation is that the National Futures Association serve as the sole designated self-regulatory organization (DSRO) for all futures commission merchants.

FIA recommended that any future move to a closing-auction-based settlement methodology should be contingent on sufficient auction liquidity and further market consultation.

FIA responds to the European Commission’s MiCA consultation, highlighting priorities for crypto-assets, tokenisation, stablecoins, regulatory coherence and the interaction with existing financial services legislation.

FIA has submitted a response to ASX’s consultation on proposed functionality enhancements for the replacement ASX 24 derivatives trading platform. The response provides member views on the proposed changes, including GTC spreads, different tick increments across contract months, revised trading hours, reference prices for anomalous order thresholds and off-market trade reporting.

FIA has published a paper calling for targeted reforms to the European Union’s financial services rulemaking process and setting out 21 practical recommendations to improve transparency, regulatory coherence and implementation.

FIA and ISDA have responded to the Bank of England's CCP resolution Discussion Paper, urging that default fund contributions not absorb non-default losses and defending the NCWO safeguard.