FIA and the FIA Principal Traders Group have filed an amicus brief in response to another US Federal Trade Commission appeal of a prior decision involving the FTC's final rule that would have banned nearly all noncompete agreements in the US.
FIA and FIA European Principal Traders Association remain convinced that the Financial Conduct Authority's proposals, publicly referred to as ‘naming and shaming’, are not fit for purpose in UK wholesale markets.
FIA has submitted a response to the FCA's discussion paper on the UK transaction reporting regime, setting out ways to improve the reporting regime by streamlining reporting requirements to improve data quality and reduce the compliance cost and burden on firms.
FIA and FIA EPTA have submitted a joint response to the FCA’s AI Input Zone consultation seeking stakeholder views on current and future uses of artificial intelligence in UK financial services, barriers to adopting AI applications, and the regulatory framework governing the use of AI within financial markets.
FIA has responded to ESMA’s consultation on conditions of the Active Account Requirement under EMIR 3.0. FIA strongly recommends the AAR approach follows the renewed ambitions of the EU competitiveness and burden-reduction agenda. The response notes that the proposed reporting requirements are contrary to the objectives of the European Commission in reducing the reporting burden and ensuring EU firms' competitiveness.
FIA, FIA Principal Traders Group and six other financial services trade associations wrote to the SEC requesting an extension of the US Treasury clearing mandate of at least twelve months for both the cash and repo clearing mandates.
FIA, FIA Principal Traders Group and several other financial services trade associations have filed an amicus brief in response to the US Federal Trade Commission's appeal of a decision blocking its final rule that would ban nearly all noncompete agreements in the US.
On 22 January, the European Securities and Markets Authority hosted the T+1 Governance Launch Meeting to present the arrangements for driving the move to the reduction of default settlement cycles to T+1 for EU securities markets. Members of the Industry Committee, including FIA and FIA EPTA, welcome ESMA's report, which identifies a pathway and a date for the transition to the T+1 settlement cycle.
FIA has submitted a response to ESMA's consultation paper on the review of RTS 22 on transaction data reporting under Art. 26 and RTS 24 on order book data to be maintained under Art. 25 of MiFIR.
FIA, EACH, FESE, and AFME strongly urge the European Commission to clarify that financial services provided by EU and non-EU firms to financial entities are not considered ‘ICT services’ under the Digital Operational Resilience Act (DORA).
