ISDA Set to Publish New EMIR Compliance Solution To Address Imminent September 15 Deadline

“Top Up Agreement” Leverages ISDA’s March 2013 Dodd-Frank Protocol

The European Market Infrastructure Regulation (“EMIR”) is the European Union measure that implements the G-20 recommendations for derivatives. It applies generally to the activities of European entities that trade in derivatives, including their trading activities with non-European counterparties.

Questionnaire to the ISDA March 2013 Dodd-Frank Protocol Now Available on ISDA

Earlier this year, ISDA finalized and published the ISDA March 2013 DF Protocol

Order Screening Under CFTC Rule 1.73

In light of the many questions that we have been receiving from clients regarding the operation of CFTC Rule 1.73, we have prepared the attached diagrams to illustrate how the rule applies to give up transactions as well as bunched orders.

Timeline for CFTC Implementation of Trading Requirements of Dodd-Frank

Dodd-Frank Update: T-H Recommends Early Adherence to ISDA’s August 2012 Dodd-Frank Protocol to Avoid Possible Delays – Teigland-Hunt LLP Client Alert

Although the deadline to adhere to ISDA’s “Dodd-Frank Protocol I” has effectively been extended to May 1, 2013, T-H recommends that firms planning to adhere submit their protocol adherence letter and exchange questionnaires with dealer counterparties no later than March 31, 2013 to avoid processing delays that could occur as the deadline approaches.