11.08.2022

ISDA Responds to Law Commission on Digital Assets

11.08.2022
ISDA Responds to Law Commission on Digital Assets

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.

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

Related articles

  1. The first amendments to the CFTC's swap data reporting rules come into effect on December 5.

  2. CEDX is planning to expand its range of products in 2023, subject to regulatory approvals.

  3. The paper proposes a path forward for standard SLD documentation.

  4. Exchange group’s crypto suite has had consistent volume and open interest growth.

  5. The derivatives venue owned by FTX wanted to offer products that were not fully collateralized.