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Publications & Filings

  • FIA, ISDA, AIMA and EFAMA publish statement on the EC’s proposed amendments to EMIR

    The European Commission has proposed that firms subject to the EU clearing obligation should have an active account at an EU CCP, while giving the European Securities and Markets Authority the power to define the portion of certain euro- and Polish zloty-denominated contracts that should be cleared through those accounts via secondary regulation. Changes to capital rules would reinforce this, making it less commercially viable for EU market participants to clear through CCPs based outside the EU.

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  • FIA comments on ION Group cyber incident

    FIA is aware of network issues caused by a cyber incident on certain ION Group systems which are impacting the trading and clearing of exchange traded derivatives by ION customers across global markets.

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  • FIA joins associations in call for risk-based approach to CSDDD

    FIA has joined with three other associations in a whitepaper that highlights the importance of ensuring the proposed EU Corporate Sustainability Due Diligence Directive (CSDDD) takes a proportionate, risk-based and workable approach and that it provides a clear, practical and legally certain framework.

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  • FIA Responds to Hong Kong SFC risk management consultation for futures brokers

    FIA says a one-size-fits-all approach should be avoided and instead advocates for greater flexibility to be given to futures brokers as long as the necessary risk controls and reporting requirements are in place.

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  • FIA urges SEC to exempt FCMs from expanded US Treasuries clearing proposal

    FIA has submitted comments to the US Securities and Exchange Commission (SEC) in response to proposed rules establishing standards for covered clearing agencies for U.S. Treasury securities.

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  • FIA responds to Hong Kong SFC consultation on Position Limit Regime changes

    FIA has responded to the Hong Kong Securities and Futures Commission’s consultation conclusions and further consultation on changes to the Position Limit Regime.

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  • FIA responds to Eurex consultation on the implementation of the second skin in the game

    While FIA and its members have been strong advocates for a SSITG, Eurex's intention to reduce the first SITG by 28% as part of the implementation is “opposed to the spirit of the new recovery and resolutions regulations and what the industry has been pushing for the past few years.”

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  • FIA and ISDA seek clarity CFTC position limits swaps rule

    FIA and ISDA filed a petition seeking clarity on the definition of swaps that will be subject to the CFTC position limits rule. Beginning January 1, 2023, the CFTC limits will apply to "economically equivalent swaps,” which is to say, swaps that have identical material contractual terms to futures and options that are subject to the federal limits. The petition asks the CFTC to exercise its authority under the rule to clarify the definition of economically equivalent swaps to allow market participants to comply with the limits and implement effective position monitoring systems and processes.

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  • European Parliament publishes study aligned with FIA EU ETS advocacy 

    On 6 December, the European Parliament (EP) published a study titled "The role of financial operators in the ETS market," which investigated the role of financial actors, such as banks and investors, in the EU Emissions Trading System (ETS) and their role in determining price dynamics and volatility.

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  • FIA, ISDA and AFME publish position paper on European Commission Market Correction Mechanism Proposal

    FIA, ISDA and AFME have published a position paper on the European Commission’s “Market Correction Mechanism” proposal for natural gas prices in the European Union. The associations urge policymakers to avoid imposing any price cap on the wholesale gas market.

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