Publications & Filings
-
FIA flags burdensome requirements in CFTC compliance officer reports
FIA submitted a comment letter to the US Commodity Futures Trading Commission questioning the need for certain types of information that must be included in the annual reports filed by the chief compliance officers of firms registered with the CFTC.
CONTINUE READING -
FIA responds to UK’s call for evidence on Green Finance Strategy
FIA has responded to the UK government’s call for evidence to support its update of the Green Finance Strategy. The response stresses the need for well-balanced, principle-based regulation that complements and encourages market innovation. It also highlights new products as a potential growth area to support the transition to a low-carbon economy.
CONTINUE READING -
FIA responds to SFC consultation on Position Limit Regime changes
FIA has responded to the Hong Kong Securities and Futures Commission’s consultation on changes to the Position Limit Regime. The response acknowledges that greater transparency can benefit the industry but stresses that benefits should be commensurate with the resources needed to meet these requirements.
CONTINUE READING -
FIA responds to European Commission’s CSDR review proposal
FIA and ISDA have submitted a joint response to the European Commission’s legislative proposal to review the Central Securities Depositories Regulation, in particular with respect to reforms of the mandatory buy-in regime (MBI) under Article 7 CSDR.
CONTINUE READING -
FIA joins response to FSB and CPMI-IOSCO on CCP recovery and resolution
FIA, along with the International Swaps and Derivatives Association and the Institute of International Finance have commented on CCP recovery and resolution issues in response to a consultation paper published by the Financial Stability Board, the Committee on Payments and Market Infrastructures of the Bank for International Settlements and the International Organization of Securities Commissions.
CONTINUE READING -
FIA requests CFTC codify no-action relief for treatment of separate accounts by FCMs
FIA has written a letter to the US Commodity Futures Trading Commission requesting codification of no-action relief initially set forth in CFTC Letter No. 19-17, Advisory and Time-Limited No-Action Relief with Respect to the Treatment of Separate Accounts by Futures Commission Merchants, and subsequently extended in CFTC Letter Nos. 20-28 and 21-29.
CONTINUE READING -
FIA responds to ESMA consultation on margin procyclicality
FIA has responded to a consultation published by the European Securities and Markets Authority (ESMA) seeking input on the current calibration of the antiprocyclicality tools, and whether proposed revisions to existing Regulatory Technical Standards (RTS) may be necessary.
CONTINUE READING -
FIA responds to ASX Consultation on proposed changes to the ASX Recovery Rules
On 11 February, ASX issued its “Consultation on proposed changes to the ASX Recovery Rules to allocate US settlement bank investment losses between the ASX CCPs and their clearing participants”. The propose changes seek to address the increased investment exposure of clearing members to US settlement banks due to the inclusion of variation margin exposures in ASX Clear (Futures) overnight (2 a.m.) margin calls.
CONTINUE READING -
FIA asks EC to expedite equivalence decisions of non-EU CCPs
FIA has jointly with ISDA, AFME, EBF and EFAMA written to Commissioner Mairead McGuinness requesting that the European Commission expedite the review of clearing arrangements in as many non-EU jurisdictions as possible.
CONTINUE READING -
FIA responds to HMT Financial Services Future Regulatory Framework Review: Bank of England regulation of CCPs and CSDs
FIA recently submitted its response to HM Treasury's central counterparties and central securities depositories reform proposals under the Financial Services Future Regulatory Framework Review.
CONTINUE READING
