Advocacy

The response supports the CSRC’s objective of strengthening supervision and implementing the PRC Futures and Derivatives Law, while recommending that the framework remain proportionate and workable for foreign-invested futures companies and international financial groups.

FIA’s response supports SEBI’s objective of strengthening broker resilience, while recommending recalibration of the methodology to ensure it remains risk-based and proportionate, particularly in light of India’s pre‑funding, upstreaming and CCP-level risk safeguards.

FIA and ISDA respond to the Monetary Authority of Singapore’s consultation on recovery and resolution planning and enhancement of resolution powers for capital market infrastructures. The response supports the proposed framework for recovery and orderly wind-down planning for capital market infrastructures, while recommending greater clarity and safeguards on certain aspects of the framework.

Continuous trading is no longer a theoretical concept in global markets. As digital assets, tokenisation and evolving
customer expectations reshape financial markets, exchanges and intermediaries are increasingly examining how trading hours may expand beyond traditional schedules.

FIA supports expanding eligible CCP collateral for non-financial counterparties under EMIR 3.0, calling for substance-over-form recognition of letters of credit and mandatory clearing member protections.

FIA offers a series of recommendations in formulating clear, workable rules and enhancing existing regulatory practices, all rooted in the Commodity Exchange Act's core objectives of promoting responsible innovation and preserving sound risk management.