Legal News

ISDA and AFME respond to the FCA's consultation on commodity derivatives

Published on: 21 February 2024
Published by LNB News

LNB News 21/02/2024

Document Information

Issue Date: 21 February 2024

Published Date: 21 February 2024

Jurisdiction(s): United Kingdom

Article summary

The International Swaps and Derivatives Association (ISDA) and the Association for Financial Markets in Europe (AFME) have responded to the Financial Conduct Authority (FCA)'s consultation on the changes to the UK commodity derivatives regulatory framework. Generally, the associations support the FCA’s proposal to reduce the position limits regime to align with the risks associated with certain commodity derivatives contract. However, they expressed concern over the suggested approaches for setting position limits and adding more reporting obligations.

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