On November 4, ISDA submitted a response to the Law Commission’s consultation on digital assets.
The response notes the importance of achieving greater legal certainty and offers feedback on the Law Commission’s proposal for the law of England and Wales to recognize “data objects” as a third category of personal property.
ISDA submitted a response to @Law_Commission’s consultation on #digital assets that notes importance of achieving greater legal certainty & offers feedback on the Law Commission’s proposal to recognize data objects as a 3rd category of personal property https://t.co/1Rg9l0enZa
— ISDA (@ISDA) November 7, 2022
The response highlights certain boundary issues that should be considered when developing the precise criteria for this new category, including in relation to voluntary carbon credits.
The response also provides feedback on certain other questions relating specifically to the transfer and custody of digital assets.
Documents (1)for ISDA Response to Law Commission Consultation on Digital Assets
Source: ISDA
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
This will be one of the first products of its kind in the U.S.
-
CEDX aims to make the region’s options mainstream on the global stage.
-
This follows the successful launch of mini French and Dutch options.
-
Montréal Exchange intends to introduce the credit derivatives in the first quarter of 2026.
-
FIA has released a white paper on tokenisation and its potential to accelerate the movement of margin.