The SEC and CFTC requested comment on a proposal to reduce the margin requirement for an unhedged security futures position and to align the margin offset table for security futures with the reduced margin requirements.
In a new white paper, ISDA and the U.S. Chamber's Center for Capital Markets Competitiveness advocated for harmonizing the CFTC and SEC derivatives regulatory framework through a regulatory "safe harbor" mechanism.
On July 26, 2016, SIFMA will host a Securitization Spotlight Session on FINRA Rule 4210 at its New York City Conference Center. Rule 4210 is designed to establish margin requirements for transactions in the to-be-announced market and other agency mortgage-backed securities markets.
Cadwalader attorneys outlined recent SEC-proposed rules that would require investment advisers to establish business continuity and transition plans. These plans would be utilized in the event of data loss, system failures or other significant business disruptions.
ISDA published the 2015 ISDA Universal Resolution Stay Protocol, which "enables parties to amend the terms of their Protocol Covered Agreements to contractually recognize the cross-border application of special resolution regimes applicable to certain financial companies and support the resolution of certain financial companies under the United States Bankruptcy Code." Several global trade associations contributed an annex to the revised protocols.