Follow Us

Follow us on Twitter  Follow us on LinkedIn

20 November 2018

ISDA - Hard Brexit: An impact assessment for US entities registered with the CFTC

This paper highlights the issues that must be addressed in the case of a ‘hard’ Brexit.

The paper identifies exiting US Commodity Futures Trading Commission (CFTC) equivalence determinations and no-action relief that is currently provided to the European Union (EU) and should be extended to entities registered with the CFTC in order to preserve continuity and market stability once the UK exits the EU.

It also analyzes the impact of a hard Brexit on US market participants, and where appropriate, proposes regulatory and contractual solutions to minimize any negative impacts a hard Brexit would have on US market participants.

Brexit discussions are ongoing and, based on developments, the regulatory and contractual approaches may change.

Full document

© ISDA - International Swaps and Derivatives Association

< Next Previous >
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information

Add new comment