Publications & Filings
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FIA, ISDA, AIMA and EFAMA publish statement on the EC’s proposed amendments to EMIR
The European Commission has proposed that firms subject to the EU clearing obligation should have an active account at an EU CCP, while giving the European Securities and Markets Authority the power to define the portion of certain euro- and Polish zloty-denominated contracts that should be cleared through those accounts via secondary regulation. Changes to capital rules would reinforce this, making it less commercially viable for EU market participants to clear through CCPs based outside the EU.
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FIA joins associations in call for risk-based approach to CSDDD
FIA has joined with three other associations in a whitepaper that highlights the importance of ensuring the proposed EU Corporate Sustainability Due Diligence Directive (CSDDD) takes a proportionate, risk-based and workable approach and that it provides a clear, practical and legally certain framework.
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FIA Responds to Hong Kong SFC risk management consultation for futures brokers
FIA says a one-size-fits-all approach should be avoided and instead advocates for greater flexibility to be given to futures brokers as long as the necessary risk controls and reporting requirements are in place.
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FIA urges SEC to exempt FCMs from expanded US Treasuries clearing proposal
FIA has submitted comments to the US Securities and Exchange Commission (SEC) in response to proposed rules establishing standards for covered clearing agencies for U.S. Treasury securities.
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FIA responds to Hong Kong SFC consultation on Position Limit Regime changes
FIA has responded to the Hong Kong Securities and Futures Commission’s consultation conclusions and further consultation on changes to the Position Limit Regime.
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FIA responds to Eurex consultation on the implementation of the second skin in the game
While FIA and its members have been strong advocates for a SSITG, Eurex's intention to reduce the first SITG by 28% as part of the implementation is “opposed to the spirit of the new recovery and resolutions regulations and what the industry has been pushing for the past few years.”
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European Parliament publishes study aligned with FIA EU ETS advocacy
On 6 December, the European Parliament (EP) published a study titled "The role of financial operators in the ETS market," which investigated the role of financial actors, such as banks and investors, in the EU Emissions Trading System (ETS) and their role in determining price dynamics and volatility.
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FIA, ISDA and AFME publish position paper on European Commission Market Correction Mechanism Proposal
FIA, ISDA and AFME have published a position paper on the European Commission’s “Market Correction Mechanism” proposal for natural gas prices in the European Union. The associations urge policymakers to avoid imposing any price cap on the wholesale gas market.
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Associations publish papers on client participation in CCP auctions and CCP auction governance
FIA, CCP12, the European Association of CCP Clearing Houses, and ISDA, together with client associations, the FIA Principal Traders Group and the Managed Funds Association, have developed and published papers focused on client participation in a CCP default auction, governance of CCP default management processes and the role of default management groups
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DMIST Launches Consultation on 30/30/30 Standard for Give-Ups and Allocations
FIA and DMIST, the Derivatives Markets Institute for Standards, have jointly announced the publication of a proposed standard aimed at improving the processing of certain types of transactions in the exchange-traded derivatives markets. This is the first standard proposed by DMIST, an independent organization created by FIA earlier this year to promote greater efficiency in the trading and clearing workflow for derivatives.
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