Publications & Filings
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FIA and EPTA submit response to FCA AI Input Zone consultation
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.
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FIA responds to ESMA consultation on conditions of the EMIR 3.0 active account requirement
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.
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FIA, FIA PTG, trade associations request extension of US Treasury clearing mandate
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.
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FIA and FIA PTG file amicus brief in FTC non-compete ban appeal
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.
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Chair of the European T+1 Industry Committee welcomes the official launch of the governance structure for the transition to T+1 settlement cycle
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.
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FIA responds to ESMA consultation on MiFIR RTS 22 transaction data reporting
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.
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FIA publishes statement on the treatment of EU and non-EU regulated financial services under DORA
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).
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FIA responds to LME Clear consultation on minimum net capital and default fund
FIA's response to LME Clear's consultation supports proposed changes to the minimum net capital requirements, the default fund mutualisation threshold and anti-procyclicality measures. However, the letter highlights a few areas for clarification, notably the impact on its membership concerning the proposed increase in net capital requirement and further details on changes related to the default fund.
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Trade associations urge the European Commission to extend the equivalence decision for UK CCPs
As the time-limited equivalence decision for UK CCPs expires on 30 June 2025, FIA and several other trade associations urge the European Commission to extend the equivalence decision for UK CCPs in a non-time-limited manner and well in advance of 31 March 2025.
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FIA and FIA EPTA respond to European AI Office consultation on prohibited activities and AI System definition
FIA and FIA EPTA have submitted a response to the European Commission’s AI Office consultation on prohibited AI practices and the definition of an AI System. Following the consultation, the Commission will develop guidelines, under Article 96(1) of the AI Act, which are expected to be published in early 2025.
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