Member Forums
FIA’s member-based committees and working groups provide forums for partnership within the industry to respond to regulatory developments, create solutions to operational issues and address major trends. These committees and working groups, along with other ad hoc briefings, meetings and roundtables, help shape FIA’s agenda for serving its members and the wider industry.
Additionally, in the United States, FIA has three divisions: Law & Compliance, Operations Americas and Market Technology, which provide individual membership opportunities for staff in certain job functions at FIA’s member firms. These divisions organize and manage dedicated committees and working groups that focus on issues of interest to each Division’s unique membership.
Core areas of activity for FIA’s member forums include: capital, CCP risk, commodities, compliance, government relations, legal, operations, proprietary trading, regulatory, strategic issues and technology.
The make-up of each forum is determined on an issue-specific basis. Each may have participation criteria such as member type, background or job function in order to fulfill its goals.
The filterable list below includes all currently active committees, working groups and distribution lists. Use the filters or search for a forum based on a keyword.
Note: This list does not include FIA’s Board of Directors or its Regional Advisory Boards. In addition, it does not include the committees and working groups managed by FIA’s principal trading affiliates FIA EPTA and FIA PTG.
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Market Structure CommitteeAddresses operational and execution trading issues for the FIA membership. Provides a forum for the exchanges and vendor firms with their members/clients through standing items updates .Also focuses on issues around, but not limited to operational resilience, cyber-security and operations and execution trading. |
All|Global|Committee
FIA ContactTessa JonesParticipation CriteriaOpen to all members |
Brexit Contingency Planning Working GroupSeeks to identify legal, regulatory, commercial, operational and other challenges relating to the execution of Brexit contingency plans by firms in the UK, EU27 and third countries. Where possible, it will also seek to agree and promote industry solutions to those challenges. |
All|Europe|Regulatory|Working
FIA ContactMitja SirajParticipation CriteriaOpen to all members |
Brussels CommitteeExchanges information on European regulatory proposals and issues. Engages with European policymakers in group discussions on i.e. legislative proposals and provide insights on how best to pursue FIA’s advocacy efforts. |
All|Europe|Committee|Government
FIA ContactCorinna SchemppParticipation CriteriaOpen to all members |
CFTC Amendments to Swaps Reporting RulesResponds to the CFTC’s proposal to amend the swap reporting rules from the perspective of commodities firms and end users. |
All|Americas|Working|Regulatory
FIA ContactMichael SorrellParticipation CriteriaOpen to all members |
CFTC Part 39 VM Reporting Working GroupAims to seek no-action relief from the new operational reporting requirements that were included in the recent rule. amendments of CFTC Part 39. |
All|Americas|Working|Regulatory
FIA ContactDon ByronParticipation CriteriaOpen to all members |
Climate Risk and Sustainable Finance Working GroupIdentities and monitors climate risk and sustainability issues impacting commodities firms and derivatives market participants. |
All|Americas|Working|Strategic
FIA ContactMichael SorrellParticipation CriteriaOpen to all members |
Commodities Committee USIdentifies, monitors and addresses regulatory and compliance issues affecting commodity end users and firms that transact in the physical metals, energy and agricultural and related derivatives markets. |
All|Americas|Committee|Commodities
FIA ContactMichael SorrellParticipation CriteriaOpen to all members |
Commodities Distribution ListProvides updates on developments in commodity markets related to regulation and compliance issues and on advocacy work undertaken by FIA’s Commodities Steering Committee. |
All|Distribution|Europe|Commodities
FIA ContactChristiane LeuthierParticipation CriteriaOpen to all members |
Government Affairs CommitteeCollaborates in developing and executing a political engagement strategy with Members of Congress, U.S. regulatory agencies and other key policymakers. Provides member firms the opportunity to highlight priorities for the group to consider and to receive timely updates from FIA staff about relevant topics. |
All|Committee|Americas|Government
FIA ContactKyle GlennParticipation CriteriaOpen to all members |
Law & Compliance DivisionMonitors legal and regulatory developments affecting the futures and derivatives industry, assisting FIA in providing information to help relevant regulators and courts make decisions that affect the cleared derivatives industry. |
All|Americas|Committee|Legal|Compliance|Division
FIA ContactAllison LurtonParticipation CriteriaOpen to all members |
Law, Risk & Compliance CommitteeIdentifies, monitors and addresses legal and regulatory developments affecting the exchange traded and centrally cleared derivatives industry across the Asia-Pacific region. |
All|Asia|Committee|Legal|Compliance
FIA ContactMin YeoParticipation CriteriaOpen to all members |
Market Technology DivisionStudies how technological solutions can be used to enhance efficiency in member operations and provides a forum for discussion and knowledge-sharing. |
All|Americas|Committee|Technology|Division
FIA ContactDon ByronParticipation CriteriaOpen to all members |
Operations Americas DivisionPromotes industry cooperation and the exchange of ideas among FIA members throughout the Americas. |
All|Americas|Committee|Operations|Division
FIA ContactDon ByronParticipation CriteriaOpen to all members |
Operations and Technology Global UpdateUpdates on the work of the member forums focused on operations and technology. |
All|Distribution|Global|Operations
FIA ContactDon ByronParticipation CriteriaOpen to all members |
Operations Committee APACFocuses on the operational aspects of the trading and clearing of exchange-traded and centrally cleared derivatives. Aims to identify and address issues relating to minimising operational risk, increasing efficiency and improving operational systems and processes. The committee liaises with exchanges and CCPs to assist in the development of industry best practice. |
All|Committee|Asia|Operations
FIA ContactStella GanParticipation CriteriaOpen to all members |
Position Limits Working GroupResponds to the CFTC proposal on position limits and monitors implementation of the rules. |
All|Working|Americas|Regulatory
FIA ContactMichael SorrellParticipation CriteriaOpen to all members |
Proprietary Traders CommitteeIdentifies, monitors and addresses compliance and regulatory developments affecting proprietary trading across the Asia-Pacific region. Members also receive updates on developments around the region and globally. |
All|Committee|Asia|Proprietary
FIA ContactMin YeoParticipation CriteriaOpen to all members |
Uncleared Margin Implementation Rule Working GroupResponds to the CFTC proposed rule(s) on implementation of uncleared margin rule for swap dealers and monitors for implementation challenges. |
All|Working|Americas|Regulatory
FIA ContactMichael SorrellParticipation CriteriaOpen to all members |
CCP Risk CommitteeWorks to create industry best practices, tackle individual CCP risk items, respond to international, national and CCP consultations and advocate with regulators and CCPs on behalf of clearing members. |
All|Committee|Global|CCP
FIA ContactJackie MesaParticipation CriteriaAvailable upon request |
Commodities Committee APACIdentifies, monitors and addresses compliance and regulatory developments affecting commodity derivatives across the Asia-Pacific region. Members also receive updates on developments around the region and globally. |
All|Committee|Asia|Commodities
FIA ContactStella GanParticipation CriteriaOpen to all members |
EMIR Review Distribution ListDiscusses all EMIR related issues and consultation responses such as EMIR 2.1 REFIT, EMIR 2.2, and call for evidence. |
All|Distribution|Europe|Regulatory
FIA ContactCorinna SchemppParticipation CriteriaOpen to all members |
FinTech & Digital-Asset Study GroupProvides a forum for discussion and better understanding of innovative products and financial service solutions. Topics include machine learning, cloud computing, and blockchain, including the latest developments and trends within the digit-assets space. |
All|Committee|Europe|Technology
FIA ContactTessa JonesParticipation CriteriaOpen to all members |
Government Relations CommitteeProvides updates on all regulatory developments and advocacy meetings in all key focus areas of FIA (e.g. MiFID, EMIR, Commodities, Call for Evidence, CCP RR). |
All|Committee|Europe|Government
FIA ContactCorinna SchemppParticipation CriteriaOpen to all members |
Reporting Call Working GroupDisseminates updates from the Reporting Working Groups, discusses advocacy efforts and highlights reporting issues on EMIR, REMIT and MiFID II. |
All|Distribution|Europe|Regulatory
FIA ContactJohn GrahamParticipation CriteriaOpen to all members |
Sustainable Finance Distribution listDistributes updates on developments relating to sustainable finance and its impact on the cleared derivatives market. |
All|Distribution|Europe|Strategic
FIA ContactJohn GrahamParticipation CriteriaOpen to all members |
Chief Compliance Officer Standing CommitteeDiscusses legal and compliance issues. |
All|Working|Americas|Legal|Compliance
FIA ContactAllison LurtonParticipation CriteriaAvailable upon request |
Pledging Offshore Collateral Working GroupReviews issues related to pledging customer collateral at UK and EU clearinghouses. |
All|Americas|Committee
FIA ContactAllison LurtonParticipation CriteriaOpen to Law & Compliance and Operations America Division members |
OCR Working GroupDevelop advocacy strategy for codification and revision of CFTC Ownership and Control Reporting rules and monitor for implementation. |
All|Working|Americas|Legal|Compliance
FIA ContactAllison LurtonParticipation CriteriaOpen to Law & Compliance and Operations Americas Division members |
Associated Persons Issues Working GroupExplores compliance challenges related to associated persons. (e.g., location of APs, maintenance of Series 3 certifications, etc.). |
All|Working|Americas|Compliance
FIA ContactNatalie TynanParticipation CriteriaOpen to Law & Compliance Division Members |
Audit Trail Steering CommitteePursues modifications to the CFTC and exchange rules and guidance that will streamline audit trail rules for industry -- focused on changes to regulations and technology that may be required to accommodate industry recommendations. This is a subset of the larger audit trail working group, comprised of certain of the most active group participants. |
All|Committee|Americas|Legal|Compliance
FIA ContactNatalie TynanParticipation CriteriaOpen to Law & Compliance Division Members |
CFTC 20-17 Risk Management Working GroupReviews CFTC advisory 20-17 and considers revisions to industry standard risk customer risk disclosures to accommodate advisory. |
All|Working|Americas|Legal|Compliance
FIA ContactMichael SorrellParticipation CriteriaOpen to Law & Compliance Division Members |
Foreign Security Futures Working GroupExplores whether it may be feasible to develop a system that helps firms identify qualifying foreign security futures products under the SEC’s 2009 Order related thereto. |
All|Working|Americas|Strategic
FIA ContactNatalie TynanParticipation CriteriaOpen to Law & Compliance Division Members |
Law and Compliance Member UpdateUpdates Law & Compliance Division members on issues and events within the industry that the Division is working on. |
All|Distribution|Americas|Legal|Compliance
FIA ContactMichael SorrellParticipation CriteriaOpen to Law & Compliance Division members |
Part 190 Steering Working GroupConsiders and drafts the FIA response to the CFTC proposed Part 190 Rulemaking. |
All|Working|Americas|Regulatory
FIA ContactAllison LurtonParticipation CriteriaAvailable upon request |
Audit Trail CommitteePursues modifications to the CFTC and exchange rules and guidance that will streamline audit trail rules for industry -- focused on changes to regulations and technology that may be required to accommodate industry recommendations. |
All|Committee|Americas|Legal|Compliance
FIA ContactNatalie TynanParticipation CriteriaOpen to Law & Compliance Division members |
Legal CommitteeDiscusses legal, regulatory, capital and other issues, as they relate to OTC and ETD derivatives clearing, which includes both CCP and client- facing aspects, as well as looking at industry standard contractual arrangements that firms need to put in place with their clients and which underpin various legal opinions that firms use to meet certain capital requirements. |
All|Committee|Europe|Legal
FIA ContactMitja SirajParticipation CriteriaAvailable upon request |
Chief Compliance Officer Annual Report Resources Working GroupFocuses on a specific aspect of the CCO Annual Report which addresses estimation of resources. |
All|Working|Americas|Compliance
FIA ContactNatalie TynanParticipation CriteriaOpen to members of the Law & Compliance Chief Compliance Officer Standing Committee |
Commodities Steering Committee, EuropeReceives updates on regulatory developments in European commodity markets and helps shape FIA’s commodity advocacy strategy, position papers and consultation responses. |
All|Committee|Europe|Commodities
FIA ContactChristiane LeuthierParticipation CriteriaOpen to members who are commodity markets participants and trading venues |
Energy and Emissions CommitteeIdentifies, monitors and addresses regulatory developments and day-to-day compliance issues in energy markets across Europe. |
All|Committee|Europe|Commodities
FIA ContactChristiane LeuthierParticipation CriteriaOpen to members who are energy market participants |
Metals CommitteeIdentifies, monitors and addresses regulatory developments and day-to-day compliance issues in metals markets across Europe. |
All|Committee|Europe|Commodities
FIA ContactChristiane LeuthierParticipation CriteriaOpen to members who are metal market participants |
CFTC Rule 1.25 Working GroupIdentifies opportunities to expand the list of permissible acceptable investments of customer segregated funds under CFTC Rule 1.25. |
All|Working|Americas|Regulatory
FIA ContactAllison LurtonParticipation CriteriaOpen to Operations Americas Division members. |
CFTC Rule 1.49 Working GroupFocuses on proposing revisions to CFTC Rule 1.49, Denomination of customer funds and location of depositories. |
All|Working|Americas|Legal|Compliance
FIA ContactNatalie TynanParticipation CriteriaOpen to Operations Americas Division members. |
Clearing and Trade Management CommitteeFosters education and understanding of practices and regulations to advocate for clarity and rule changes protecting and enhancing the integrity of the industry. Membership consists of FCMs, Settlement and Custodial Banks, Exchanges and Clearing Houses involved in the CFTC regulated futures and cleared swaps industry. |
All|Committee|Americas|Operations
FIA ContactDon ByronParticipation CriteriaOpen to Operations Americas Division members. |
Delivery CommitteeProvides industry professionals at Global FCMs and Exchanges/CCPs a forum to discuss current events and industry initiatives pertaining to trade life cycle events, specifically physical deliveries and option expiration processing. |
All|Committee|Americas|Operations
FIA ContactDon ByronParticipation CriteriaOpen to Operations Americas Division members. |
Due Diligence Questionnaire Working GroupDevelops standardized due diligence questionnaire for use by FCMs with their depositories and carrying brokers. |
All|Working|Americas|Strategic
FIA ContactDon ByronParticipation CriteriaOpen to Operations Americas Division members. |
Events & Education CommitteeDedicated to educating FIA members on market fundamentals, current trends and hot topics. The committee also raises funds through annual events for the FIA Scholarship, awarded to college-bound children of FIA Division members, as well as provides opportunities to build relationships and network with like-minded individuals. |
All|Committee|Americas|Strategic
FIA ContactDon ByronParticipation CriteriaOpen to Operations Americas Division members. |
Exchange Fee Reconciliation & Settlement CommitteeAddresses inefficiencies and pain points related to management of exchange and clearing fees associated with futures trading. Endeavors to align the industry on exchange fee priorities while sharing best practices and promoting an agenda of change, efficiency, and process scale. |
All|Committee|Americas|Strategic
FIA ContactDon ByronParticipation CriteriaOpen to Operations Americas Division members. |
Financial Management - Residual Interest Working GroupSeeks relief from CFTC for FCMs to withdraw excess residual interest from the customer seg account in a more timely manner than is allowed under current rules. |
All|Working|Americas|Legal|Compliance
FIA ContactAllison LurtonParticipation CriteriaOpen to Operations Americas Division members. |
Financial Management CommitteeMonitors US regulatory issues that affect financial management (margining, settlement, investments, etc.) of FCMs and settlement banks. |
All|Committee|Americas|Legal|Compliance
FIA ContactAllison LurtonParticipation CriteriaOpen to Operations Americas Division members. |
Deliveries Working GroupExamines solutions to mitigate risks that clearing members face during the expiry and physical delivery of derivatives contracts. |
All|Working|Europe|Operations
FIA ContactStuart BaileyParticipation CriteriaOpen to Operations Committee Europe participants. |
CCP Risk Working GroupWorking on developing the FIA’s Recommendations for CCP Risk Management into specific requests in terms of changes to regulation, CCP supervisor or CCPs rules and procedures. This will then be used for advocacy purposes when meeting central banks, CCP supervisors, regulatory bodies and standard setting bodies. |
All|Working|Europe|CCP
FIA ContactStuart BaileyParticipation CriteriaAvailable upon request |
CFTC No-Action Letter 18-26 Working GroupReviews CFTC no-action letter 18-26 and means for US FCMs to transfer non-cash collateral to European CCPs. |
All|Working|Global|Regulatory
FIA ContactMichael SorrellParticipation CriteriaAvailable upon request |
Compliance CommitteeDiscussion of compliance issues, regulations and to work on projects such as block trade guidance and market conduct training. |
All|Committee|Europe|Compliance
FIA ContactJohn GrahamParticipation CriteriaAvailable upon request |
Covid 19 Operations Lessons Learned CommitteeFocuses on the lessons learned from the COVID-19 crisis. Identifies and analyzes lessons learned for the purpose of making tactical and strategic recommendations to the industry. |
All|Committee|Global|Operations
FIA ContactDon ByronParticipation CriteriaAvailable upon request |
CSDR - Impact of FIA Clearing Documentation Working GroupFocuses on the impacts of Central Securities Deposit Regulation on the FIA Terms of Business 2018, in particular as regards settlement discipline and requirements around buy ins. |
All|Working|Europe|Legal
FIA ContactMitja SirajParticipation CriteriaAvailable upon request |
Electronic Trading Risk Principles Working GroupCoordinates FIA's response to the CFTC's Electronic Trading Risk Principles proposal. |
All|Working|Americas|Legal|Compliance
FIA ContactMichael SorrellParticipation CriteriaAvailable upon request |
ETrading Committee EuropeDiscusses key issues impacting electronically traded exchange-traded derivatives in Europe and the UK. Primarily focuses on issues related to regulation, vendor trading platforms and trading efficiency, in conjunction with working with exchanges, ISVs and other market participants to assist in the development of industry best practices. |
All|Committee|Europe|Operations
FIA ContactTessa JonesParticipation CriteriaAvailable upon request |
ETrading Committee USDiscusses key issues impacting electronically traded exchange-traded derivatives in North America. The committee works with the European E-Trading Committee to focus on issues related to regulation, vendor trading platforms and trading efficiency, in conjunction with working with exchanges, ISVs and other market participants to assist in the development of industry best practices. |
All|Committee|Americas|Operations
FIA ContactTessa JonesParticipation CriteriaAvailable upon request |
FRANDT RFP template drafting Working GroupFocuses on creating the industry standard RFP template as a solution to some of the FRANDT requirements. |
All|Working|Europe|Regulatory
FIA ContactMitja SirajParticipation CriteriaAvailable upon request |
IFR K-CMG Working GroupDiscusses the impact of new EU capital requirements for investment firms (IFR) on bank and non-bank clearing clearing members. |
All|Working|Europe|Regulatory
FIA ContactMitja SirajParticipation CriteriaAvailable upon request |
Netting Opinions CommitteeDevelops Netting Opinions in primary jurisdictions where FCMs operate and provides periodic updates to opinions. |
All|Committee|Americas|Legal|Compliance
FIA ContactAllison LurtonParticipation CriteriaAvailable upon request |
Surveillance Working GroupDiscusses surveillance requirements set out in MAR with the aim to produce Q&As/ industry guidelines on best practices. |
All|Working|Europe|Regulatory
FIA ContactJohn GrahamParticipation CriteriaAvailable upon request |
Exchange Development Best Practice Working GroupCompiles a best practice document for exchanges and CCPs for when they plan and execute technology upgrades. |
All|Working|Europe|Technology
FIA ContactStuart BaileyParticipation CriteriaAvailable upon request |
CFTC Capital Requirements for Swap Dealers Working GroupResponds to the CFTC proposal on capital requirements for swap dealers and FCMs and monitors for implementation of rules. |
All|Working|Americas|Regulatory
FIA ContactMichael SorrellParticipation CriteriaAvailable upon request |
CFTC Part 17 Working GroupAddresses concerns related to Part 17 reporting obligations. |
All|Working|Americas|Legal|Compliance
FIA ContactNatalie TynanParticipation CriteriaAvailable upon request |
CFTC Rule 1.73 Working GroupSeeks clarification and codification of FCMs' obligations in respect of pre-trade credit checks for SEF block trades. |
All|Working|Americas|Regulatory
FIA ContactMichael SorrellParticipation CriteriaAvailable upon request |
Cross Border Working GroupFocuses on commenting on the CFTC's proposed Cross-Border rules. |
All|Working|Americas|Regulatory
FIA ContactNatalie TynanParticipation CriteriaAvailable upon request |
FRANDT Impact on US FCMs Working GroupExamines impact of European Union's FRANDT Consultation on US FCMs, assists advocacy strategy in coordination with the Legal Committee, Europe, and monitors implementation of rules. |
All|Working|Americas|Regulatory
FIA ContactMichael SorrellParticipation CriteriaAvailable upon request |
Give-Up Agreements CommitteeReviews and updates the FIA Standard Customer Give-Up Agreements. |
All|Committee|Americas|Strategic
FIA ContactNatalie TynanParticipation CriteriaAvailable upon request |
Part 39 DCO Rules Working GroupPrepares FCM and clearing member response to CFTC proposal to amend the Derivatives Clearing Organization rules. |
All|Working|Americas|Regulatory
FIA ContactMichael SorrellParticipation CriteriaAvailable upon request |
EU Third-Country Framework Working GroupResponds to the EU consultation on third-country framework and monitors implementation of rules. |
All|Working|Americas|Regulatory
FIA ContactMichael SorrellParticipation CriteriaAvailable upon request |
Legal Opinions Working Group (Non US)Discusses the FIA legal opinions that cover the English law governed FIA Tems of Business, the FIA subscription model for legal opinions, as well as the existing and future advocacy efforts to promote the importance of legal certainty of close-out netting arrangements both in client clearing documentation and in CCP Rulebooks. |
All|Working|Europe|Legal
FIA ContactMitja SirajParticipation CriteriaAvailable upon request |
Capital CommitteeIdentifies, monitors and addresses capital issues impacting clearing members. Responds to consultations, advocates for changes and educates policymakers and the public about the impact on clearing resulting from capital requirements. |
All|Committee|Global|Capital
FIA ContactJackie MesaParticipation CriteriaAvailable upon request |
Drafting ToB Working GroupDiscusses and actively participates in updating the existing FIA Terms of Business (‘Regulatory Patch’), drafting the FIA Terms of Business and the User Guide with a view to creating a modern, streamlined, state-of-the-art suite of industry standard client clearing documentation for ETD and cleared OTC. |
All|Working|Europe|Legal
FIA ContactMitja SirajParticipation CriteriaAvailable upon request |
EMIR Reporting Working GroupDiscusses EMIR Article 9 reporting obligations. |
All|Working|Europe|Regulatory
FIA ContactJohn GrahamParticipation CriteriaAvailable upon request |
MiFIR Reporting Working GroupDiscusses reporting obligations set out in MiFIR. |
All|Working|Europe|Regulatory
FIA ContactJohn GrahamParticipation CriteriaAvailable upon request |
Operations Committee EuropeAddresses issues relating to the post-trade clearing and processing of OTC and exchange-traded derivatives. Focuses on regulatory changes which impact upon the operational aspects of derivatives clearing, CCP and vendor liaison regarding change management issues and the development of industry best practice. |
All|Committee|Europe|Operations
FIA ContactStuart BaileyParticipation CriteriaAvailable upon request |
SA-CCR Working GroupDiscusses US SA-CCR and problems resulting from the implementation of SA-CCR. |
All|Working|Americas|Regulatory
FIA ContactJackie MesaParticipation CriteriaAvailable upon request |
Separate Account Margining under CFTC and JAC Rules Working GroupAssists FCMs with advocacy and implementation in respect of the treatment of separate accounts owned by the same beneficial owner under CFTC and JAC rules. |
All|Working|Americas|Legal|Compliance
FIA ContactAllison LurtonParticipation CriteriaAvailable upon request |