Publications & Filings
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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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Expo 2024 Opening Remarks: Telling the truth about our markets
Opening remarks of Walt Lukken, President and CEO of FIA, at the Futures & Options Expo in Chicago on 18 November 2024. As prepared for delivery.
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FIA shares its position on DORA subcontracting of ICT services with the European Commission and ESAs
FIA has shared its position with the European Commission and the European Supervisory Authorities on the requirements for the subcontracting of ICT services under the Digital Operational Resilience Act (DORA).
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FIA voices concerns on joint data standards proposed by financial regulators
FIA voiced concerns regarding a proposed rule on joint data standards issued by several financial regulators (including the CFTC, SEC, and Treasury).
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High-level roadmap for adoption of T+1 in EU securities markets
The European T+1 Industry Task Force, comprising 21 trade associations involved in European capital markets including FIA and FIA EPTA, has published a report titled "High-level Roadmap for Adoption of T+1 in EU Securities Markets."
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FIA and FIA EPTA support ESMA proposal on circuit breakers
FIA and FIA EPTA support ESMA's proposed introduction of new requirements on circuit breakers, which mandate greater transparency. By ensuring that market participants have access to clear information about the types of circuit breakers, their calibration, and the specific circumstances leading to their activation, the proposed changes will improve market integrity and provide participants with the relevant information to be better prepared in times of high volatility.
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FIA and ISDA respond to the BoE consultation on CCP recovery and resolution
In response to the BoE’s consultation on its power to direct a CCP to address impediments to resolvability, the associations welcome the clarity provided by the BoE on the timescales it would follow when using its power to address impediments to resolvability.
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FIA issues joint statement on DORA and definition of ICT services
FIA together with AFME, EACH, ECSDA and FESE has issued a joint statement urging the European Commission and the European Supervisory Authorities to reinstate guidance confirming that regulated financial services should not be treated as ICT services under the Digital Operational Resilience Act (DORA).
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