Derivs - Regulation

Issuers of debt securities programs, such as structured note offerings, are updating base prospectuses before July 1 in an effort to comply with a grandfathering provision.

Proposed regulations from the U.S. Treasury to eliminate avoiding U.S. taxes on dividend payments by engaging in offshore total return swaps cast too a wide a net, according to industry watchers.

A voluntary clearing framework for over-the-counter derivatives will be written into Hong Kong’s main financial law in May, according to lawyers familiar with the legislative process.

There are no novel regulatory rules being prepared in Brazil, according to Sergio Odilon dos Anjos, head of the financial system regulation department at the Central Bank of Brazil.

Brazilian corporations are wary of changes to the financial operations tax (IOF) in the country, despite being given a reprieve from the tax on foreign exchange derivatives used to hedge exporting exposures.

Morrison & Foerster has hired three new partners to its Capital Markets Group focusing on structured finance.

Special purpose vehicles should be exempt from all bilateral collateralisation requirements, including the posting of variation margin, according to a letter from the International Swaps and Derivatives Association.

Markus Ferber, MEP and member of the European Parliament’s Economic and Monetary Affairs Committee, has rejected calls from the industry to redraft or replace an article in the Markets in Financial Instruments Regulation.

Introducing an identifier that would determine whether a UCITS exchange-traded fund is synthetic or physical would mislead investors, according to a letter from the Joint Associations Committee on Retail Structured Products to the European Securities and Markets Authority.

Onshore Chinese yuan non-deliverable forwards are likely to gain less traction from market participants as the price difference between it and its deliverable offshore counterpart become tighter.

Markus Ferber, MEP and member of the European Parliament's Economic and Monetary Affairs Committee, has published a draft legislative report on the Markets in Financial Instruments Regulation, following a report earlier this week on the Markets in Financial Instruments Directive.

China’s State Administration of Foreign Exchange is encouraging dealers operating onshore to increase the innovation in fx options they offer to corporates for hedging purposes.