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Industry Guidance

Access guidance and best practices for members, their customers and market participants on operational and technological issues as well as law, regulatory and compliance issues.

Regulatory Guidance

  • FIA responds to FCA consultation on ancillary activities exemption

    FIA supports replacing the market share test with an annual threshold test, but raises concerns about the suggested inclusion of trading venue activity. Doing so would add complexity, increase compliance costs, and reduce UK competitiveness relative to the EU and the US, where only non-venue derivatives are counted.

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  • ISDA, SIFMA and FIA comments on enhanced supplementary leverage ratio reforms

    FIA, ISDA and SIFMA strongly support the proposed recalibration of the Enhanced Supplementary Leverage Ratio and urge the Federal Reserve, FDIC, and OCC to finalize the proposal as soon as possible, with an effective date no later than 1 January 2026.

    CONTINUE READING

  • Joint trades call for recalibration of cryptoasset prudential standards and highlight DLT’s transformative role in capital markets

    The Joint Trades recommend essential revisions of the Basel banking prudential treatment of cryptoassets and pausing implementation of SCO60 ahead of its January 2026 effective date to allow for a targeted consultation and redesign. The letter highlights the excessively conservative and overly punitive capital treatment of cryptoassets that is misaligned with actual risks, in addition to various inconsistencies with current market risk management practices.

    CONTINUE READING

  • FIA responds to CFTC spot crypto listing initiative

    FIA has responded to the US Commodity Futures Trading Commission’s spot crypto listing initiative, which invites stakeholders to work with the Commission “on providing regulatory clarity on how to list spot crypto asset contracts on CFTC-regulated designated contract markets” using the Commission’s “existing authority” under the Commodity Exchange Act.

    CONTINUE READING

  • FIA and ISDA respond to Reserve Bank of Australia guidance for the clearing and settlement facility resolution regime

    FIA and ISDA urge greater clarity in the RBA’s draft guidance on clearing and settlement facility resolution to enhance transparency, communication and market stability during interventions.

    CONTINUE READING

  • June 2025 stats on customer funds held at US FCMs

    The total amount of customer funds in futures accounts at US FCMs reached a record $395.7 billion in June, up 1.4% from the previous month and up 24.1% over the last 12 months. The number of FCMs holding customer funds in futures accounts was recorded at 50 in June, up from 49 year ago but down from 53 five years ago.

    CONTINUE READING
Read All Regulatory Guidance

Operational and Technology Guidance

  • FIA responds to FCA consultation on ancillary activities exemption

    FIA supports replacing the market share test with an annual threshold test, but raises concerns about the suggested inclusion of trading venue activity. Doing so would add complexity, increase compliance costs, and reduce UK competitiveness relative to the EU and the US, where only non-venue derivatives are counted.

    CONTINUE READING

  • ISDA, SIFMA and FIA comments on enhanced supplementary leverage ratio reforms

    FIA, ISDA and SIFMA strongly support the proposed recalibration of the Enhanced Supplementary Leverage Ratio and urge the Federal Reserve, FDIC, and OCC to finalize the proposal as soon as possible, with an effective date no later than 1 January 2026.

    CONTINUE READING

  • Joint trades call for recalibration of cryptoasset prudential standards and highlight DLT’s transformative role in capital markets

    The Joint Trades recommend essential revisions of the Basel banking prudential treatment of cryptoassets and pausing implementation of SCO60 ahead of its January 2026 effective date to allow for a targeted consultation and redesign. The letter highlights the excessively conservative and overly punitive capital treatment of cryptoassets that is misaligned with actual risks, in addition to various inconsistencies with current market risk management practices.

    CONTINUE READING

  • FIA responds to CFTC spot crypto listing initiative

    FIA has responded to the US Commodity Futures Trading Commission’s spot crypto listing initiative, which invites stakeholders to work with the Commission “on providing regulatory clarity on how to list spot crypto asset contracts on CFTC-regulated designated contract markets” using the Commission’s “existing authority” under the Commodity Exchange Act.

    CONTINUE READING

  • FIA and ISDA respond to Reserve Bank of Australia guidance for the clearing and settlement facility resolution regime

    FIA and ISDA urge greater clarity in the RBA’s draft guidance on clearing and settlement facility resolution to enhance transparency, communication and market stability during interventions.

    CONTINUE READING

  • June 2025 stats on customer funds held at US FCMs

    The total amount of customer funds in futures accounts at US FCMs reached a record $395.7 billion in June, up 1.4% from the previous month and up 24.1% over the last 12 months. The number of FCMs holding customer funds in futures accounts was recorded at 50 in June, up from 49 year ago but down from 53 five years ago.

    CONTINUE READING
Read All Operational & Technology Guidance