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  • FIA responds to FCA, BoE draft guidance on UK EMIR reporting requirements

    FIA has responded to the UK Financial Conduct Authority and Bank of England’s consultation setting out draft questions and answers as guidance to support the implementation of revised UK EMIR reporting requirements that go live on 30 September 2024.

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  • FIA responds to FCA consultation on derivatives markets transparency

    FIA welcomes the Financial Conduct Authority’s proposals regarding the revised bond and derivative transparency regime in the UK. Resilient and robust markets are of key importance to FIA members and FIA supports the consultation’s stated aim of streamlining transparency requirements so that they better reflect the nature and depth of liquidity in the market. 

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  • FIA responds to second batch of DORA policy products

    FIA and FIA EPTA have submitted responses to three consultations issued by the European Supervisory Authorities on the second batch of policy products under the EU Digital Operational Resilience Act (DORA). The consultations cover regulatory technical standards on the subcontracting of information and communication technology (ICT) services, content, timelines and templates for incident reporting, and threat-led penetration testing.

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  • FIA responds to CFTC proposed rule on Part 17 Large Trader Reporting

    FIA has submitted a response to the Commodity Futures Trading Commission’s Large Trader Reporting Requirements Notice of Proposed Rulemaking and accompanying Guidebook.

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  • FIA warns proposed SEC safeguarding rule may harm FCMs, advisers and customers

    FIA has filed comments with the US Securities and Exchange Commission (SEC) on a proposal that would replace its existing custody rule. FIA’s comment letter highlights the proposed rule’s potential harms to Futures Commission Merchants (FCMs), registered investment advisers (RIAs) and their underlying customers.

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  • FIA submits comments to FinCEN on Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities.

    FIA has submitted a letter to the Financial Crimes Enforcement Network (FinCEN) related to a proposed rule titled Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities. In its comments to FinCEN, FIA noted its supports for a separate comment letter from the Securities Industry and Financial Markets Association (SIFMA) that would make the proposed rule more useful and cost-effective for FIA members who operate in futures and derivatives markets.

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  • FIA urges CFTC to codify no action relief for DCO reporting

    FIA has filed comments with the US Commodity Futures Trading Commission that respond to the pending notice of proposal rulemaking on reporting requirements for derivatives clearing organizations (DCOs).In its letter, FIA supports the CFTC’s proposal to codify no-action relief for variation margin reporting, highlighting the importance of clear rules for DCOs and their clearing members.

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  • FIA responds to HKEX consultation on position limits and open position reporting requirements

    FIA has responded to Hong Kong Exchanges and Clearing’s consultation on proposed changes of position limits and large open position reporting requirements.

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  • FIA responds to FCA and BofE on reporting, data and Trade Repositories registration

    FIA has responded to a joint consultation paper issued by the Financial Conduct Authority and Bank of England regarding changes to reporting requirements, procedures for data quality and registration of Trade Repositories under UK EMIR. The consultation sets out proposals relating to measures for mandatory delegated reporting requirements, counterparty notifications and reconciliations processes and the use of XML schemas and global identifiers based on the adoption of CPMI-IOSCO CDE recommendations.

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  • FIA supports efforts to modernize SEC recordkeeping requirements

    FIA has sent a letter to the US Securities and Exchange Commission in support of the agency’s efforts to modernize recordkeeping requirements, and in support of comments filed with the SEC by the Securities Industry and Financial Markets Association on the topic.

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