Advocacy

FIA has submitted a response to ASX’s consultation on proposed functionality enhancements for the replacement ASX 24 derivatives trading platform. The response provides member views on the proposed changes, including GTC spreads, different tick increments across contract months, revised trading hours, reference prices for anomalous order thresholds and off-market trade reporting.

FIA has published a paper calling for targeted reforms to the European Union’s financial services rulemaking process and setting out 21 practical recommendations to improve transparency, regulatory coherence and implementation.

FIA and ISDA have responded to the Bank of England's CCP resolution Discussion Paper, urging that default fund contributions not absorb non-default losses and defending the NCWO safeguard.

FIA and ISDA have submitted a joint response to a request for comment on the CFTC and SEC's administration of portfolio margining and cross-margining programs, welcoming the agencies' efforts to expand appropriately tailored risk-based margin frameworks across securities and derivatives markets.

FIA and ISDA welcome the FICC's proposed GSD Guaranty Fund but urge the SEC and FICC not to mutualise non-default losses and to preserve the ten-day cooling-off period.

FIA encouraged the agency to assess 24/7 and perpetual products through two different lenses: readiness and appropriateness.