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Industry Groups Warn of Bond and Derivative SI Regime Changes

Industry Groups Warn of Bond and Derivative SI Regime Changes

Published:
2025-10-21 09:29:02
8
2
BTCCSquare news:

ICMA, AFME, and ISDA have jointly released a briefing paper outlining significant shifts in the Systematic Internaliser (SI) regime for bonds and derivatives. The changes, which include the introduction of DPE/DR frameworks, are expected to trigger widespread de-registration of SIs in these asset classes.

Market participants should note the paper's key finding: liquidity provision and post-trade reporting mechanisms will remain unaffected despite the anticipated wave of SI de-registrations. The collaborative report offers practical guidance for firms navigating the new regulatory landscape.

|Square

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