19 Jun 2026
FIA, ISDA, GFMA, CMC and CMCE respond to IOSCO consultation on OTC commodities position reporting
FIA, alongside ISDA, GFMA, CMC and CMCE, has responded to IOSCO’s consultation on best practices for OTC commodities position reporting. The associations support IOSCO’s objectives but emphasises that regulators should prioritise better use of existing OTC derivatives data and enhanced cross-border cooperation, rather than introducing new reporting requirements. It also opposes mandatory or systematic OTC position reporting, advocating instead for a proportionate, risk-based approach based on targeted data requests and stronger coordination between authorities to avoid duplication, costs and unintended market impacts.