ISDA joins AFME and UK Finance in welcoming a UK designated reporter regime

Article summary

ISDA has responded to the Financial Conduct Authority’s (FCA) consultation, CP22/12: Improving Equity Secondary Markets, which proposed introducing a designated reporter regime for all asset classes, including derivatives. ISDA endorses the responses by the Association for Financial Markets in Europe (AFME) and UK Finance, and all associations support that this regime should be set at the asset class level. The purpose of the new regime is to allocate the obligation to report trades to the public to sell-side firms.