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.”
CONTINUE READINGFIA has responded to the Hong Kong Securities and Futures Commission’s consultation conclusions and further consultation on changes to the Position Limit Regime.
CONTINUE READINGFIA 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.
CONTINUE READINGIn December 2022, FIA published new industry standard netting and collateral legal opinions for the People’s Republic of China (PRC). Recent positive developments in the PRC’s legislative framework for derivatives, specifically the adoption of the Futures and Derivatives Law in 2022, made it possible for FIA to commission these opinions for the benefit of global clearing firms that provide derivatives clearing services (cleared OTC and ETD) to PRC clients when they wish to access non-PRC CCPs under the English law governed FIA Terms of Business.
CONTINUE READINGFIA joins the industry in mourning the loss of Nick Carew Hunt, an integral part of London's futures community and the growth of the derivatives industry in both the U.K. and Europe. He passed away at the age of 71 on 15 January after a short illness.
CONTINUE READINGIn a letter filed today with the Securities and Exchange Commission (SEC), the FIA Principal Traders Group (FIA PTG) opposed a proposal to add IntelligentCross ATS as a new entrant to FINRA’s Alternative Display Facility.
CONTINUE READINGFIA 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.
CONTINUE READINGFIA 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.
CONTINUE READINGFIA EPTA welcomes the opportunity to respond to the Financial Conduct Authority (FCA) Consultation Paper on on Sustainability Disclosure Requirements (SDR) and investment labels. FIA EPTA members agree with the proposed scope of firms, products and distributors, and want to highlight the importance of transparency in the trust in the transition.
CONTINUE READINGWorldwide volume of exchange-traded derivatives reached 8.44 billion contracts in December, up 8.9% from November 2022 and up 37.4% from December 2021.
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