24/7 Legal & Regulatory Working GroupExplores the legal and regulatory considerations related to 24/7 trading and clearing, including responding to the CFTC's RFC on energy derivatives and perpetual contracts FIA Contact Natalie Tynan Participation Criteria Open to all members Request InformationParent Law & Compliance Division Region Americas Theme Legal/Compliance Type Working Group | 247LRWG |
Algo Trading Distribution ListUpdates FIA members on algorithmic trading topics. FIA Contact Tessa Jones Participation Criteria Open to all members Request InformationRegion Europe Theme Regulatory Type Distribution List | ALGTRADISLIS |
Best Practice Working GroupDiscusses daily issues, considerations and implementation challenges encountered by FCM Legal and Compliance personnel who are at the front line of their firms’ FCM business, and provides a forum for timely feedback from their peers. FIA Contact Natalie Tynan Participation Criteria Available upon request Request InformationParent Law & Compliance Division Region Americas Theme Legal/Compliance Type Working Group | BESPRA |
Brussels CommitteeExchanges information on European regulatory proposals and issues. Engages with European policymakers in group discussions on legislative proposals and collects insights on how best to pursue FIA’s advocacy efforts. FIA Contact Jean Pierre Salendres Participation Criteria Open to all members Request InformationRegion Europe Theme Government Relations Type Committee | BRU |
Capital CommitteeIdentifies, monitors and addresses capital issues impacting clearing members. Responds to consultations, advocates for changes and educates policymakers and the public about the impact on clearing resulting from capital requirements. FIA Contact Jackie Mesa Participation Criteria Request information Request InformationRegion Global Theme Capital Type Committee | CAP |
CCP Risk CommitteeWorks to create industry best practices, tackle individual CCP risk items, respond to international, national and CCP consultations and advocate with regulators and CCPs on behalf of clearing members. FIA Contact Jackie Mesa Participation Criteria Request information Request InformationRegion Global Theme CCP Risk Type Committee | CCPRIS2 |
CFTC Part 17 Working GroupAddresses concerns related to Part 17 large trader reporting obligations and implementation of rule changes. FIA Contact Natalie Tynan Participation Criteria Request information Request InformationParent Law & Compliance Division Region Americas Theme Legal/Compliance Type Working Group | CFTPAR17 |
Chief Compliance Officer Standing CommitteeDiscusses legal and compliance issues FIA Contact Natalie Tynan Participation Criteria Request information Request InformationParent Law & Compliance Division Region Americas Theme Legal/Compliance Type Committee | CHICOMOFFSTA |
Clearing & Deliveries CommitteeDiscusses current events and upcoming industry initiatives, including new product rollouts, which impact the US marketplace. Examines automation of processes with CCPs. FIA Contact Don Byron Participation Criteria Open to Operations Americas Division members Request InformationParent Operations Americas Division Region Americas Theme Operations Type Committee | CLEDEL |
Commitment of Traders reports Working GroupResponds to the CFTC’s May 2026 request for comment on its Commitment of Traders reports. FIA Contact Natalie Tynan Participation Criteria Open to all members Request InformationRegion Americas Theme Legal/Compliance Type Working Group | COMTRAREP |
Commodities Committee EuropeProvides updates on developments in commodity markets related to regulation and compliance issues and provides an opportunity for members to engage on advocacy work , including consultation responses, position letters and more. FIA Contact Christiane Leuthier Participation Criteria Open to all members Request InformationRegion Europe Theme Commodities Type Committee | COMEUR |
Commodities Committee USIdentifies, monitors and addresses regulatory and compliance issues affecting commodity end users and firms that transact in the physical metals, energy and agricultural and related derivatives markets. FIA Contact Michael Sorrell Participation Criteria Open to all members Request InformationParent Law & Compliance Division Region Americas Theme Commodities Type Committee | COMUS |
Compliance CommitteeDiscussion of compliance issues, regulations and to work on projects such as block trade guidance and market conduct training FIA Contact John Graham Participation Criteria Request information Request InformationRegion Europe Theme Legal/Compliance Type Committee | COM |
DCO Customer Protection Proposal Working GroupDraft comments on the CFTC’s 2023 rule proposal regarding protection of clearing member funds held by DCOs. FIA Contact Allison Lurton Participation Criteria Request information Request InformationRegion Americas Theme Legal/Compliance Type Working Group | DCOCUSPROPRO |
Deliveries Working GroupExamines solutions to mitigate risks that clearing members face during the expiry and physical delivery of derivatives contracts. FIA Contact Stuart Bailey Participation Criteria Open to Operations Committee Europe participants. Request InformationParent Operations Committee Europe Region Europe Theme Operations Type Working Group | DEL |
Digital Assets CommitteeReviews the CFTC's, and other regulatory initiatives, involving regulation of digital assets and DLTs. FIA Contact Natalie Tynan Participation Criteria Open to all members Request InformationParent Law & Compliance Division Region Americas Theme Legal/Compliance Type Committee | DIGASS |
Drafting ToB Working GroupDiscusses and actively participates in updating the existing FIA Terms of Business (‘Regulatory Patch’), drafting the FIA Terms of Business and the User Guide with a view to creating a modern, streamlined, state-of-the-art suite of industry standard clien FIA Contact Mitja Siraj Participation Criteria Request information Request InformationRegion Europe Theme Legal/Compliance Type Working Group | DRATOB |
EMIR 3 Margin Transparency Working GroupAssesses the practical implications of ESMA's final draft RTS on margin transparency under EMIR. Works to develop a shared understanding of compliance requirements, identify critical dependencies on CCP implementation, and establish common industry approa FIA Contact Doanh Le Ngoc Participation Criteria Request Information Request InformationRegion Europe Theme CCP Risk Type Working Group | EMI3MARTRA |
EMIR 3.0 impact on US FCMs Working GroupReviews EU consultations that implement fee disclosures and margin transparency requirements, for impacts on FCMs. FIA Contact Michael Sorrell Participation Criteria Open to all members Request InformationParent Law & Compliance Division Region Americas Theme Legal/Compliance Type Working Group | EMI30IMPUSFCM |
EMIR 3.0 Working GroupReviews and agrees FIA’s advocacy position on CCP equivalence & access to TC-CCPs and to the European Market Infrastructure Regulation at Level 1 & 2 FIA Contact Jean Pierre Salendres Participation Criteria Request information Request InformationRegion Europe Theme Regulatory Type Working Group | EMI30 |
EMIR Refit Reporting Working GroupDiscusses EMIR reporting rule changes under EMIR Refit and UK EMIR. Creates best practice documentation and considers advocacy efforts. FIA Contact John Graham Participation Criteria Request information Request InformationParent EMIR Reporting Working Group Region Europe Theme Regulatory Type Working Group | EMIREFREP |
EMIR Reporting FIA/EACH Joint Working GroupFacilitates discussion between clearing members and CCPs on future regulatory reporting changes due to come into effect in 2024. Works to resolve many of the challenges facing reporting entities and to prepare industry best practices. Jointly managed by F FIA Contact John Graham Participation Criteria Request information Request InformationRegion Europe Theme Regulatory Type Working Group | EMIREPFIAJOI |
Energy CommitteeIdentifies, monitors and addresses regulatory developments and day-to-day compliance issues in energy markets across Europe. FIA Contact Christiane Leuthier Participation Criteria Open to members who are energy market participants Request InformationRegion Europe Theme Commodities Type Committee | ENE |
ETrading CommitteeDiscusses key issues impacting electronically traded exchange-traded derivatives. Primarily focuses on issues related to regulation, vendor trading platforms and trading efficiency, in conjunction with working with exchanges, ISVs and other market partici FIA Contact Tessa Jones Participation Criteria Request information Request InformationRegion Global Theme Operations Type Committee | ETR |
Event Contracts Working GroupAddresses legal and compliance considerations related to event contracts FIA Contact Natalie Tynan Participation Criteria Open to all members Request InformationRegion Americas Theme Legal/Compliance Type Working Group | EVECON |
Events & Education CommitteeProvides updates and educations on market events, topics, and industry fundamentals. Raises funds through annual events for charitable giving, as well as provides opportunities to build relationships and network with like-minded individuals. FIA Contact Don Byron Participation Criteria Open to Operations Americas Division members. Request InformationParent Operations Americas Division Region Americas Theme Strategic Type Committee | EVEEDU |
Exchange Fees Processing Working GroupAddresses known operational and processing inefficiencies in the administration of exchange and clearing fees. (Fees levels or any topic that could be construed as anti-competitive or in breach of anti-trust laws, rules and regulation as per the FIA’s Cod FIA Contact Stuart Bailey Participation Criteria Request information Request InformationParent Operations Committee Europe Region Global Theme Operations Type Working Group | EXCFEEPRO |
Exchange Risk Controls Working GroupEstablished to focus on exchange risk controls, following market disruption events & the energy crisis in 2022. Works to promote education and create industry best practices. Responds to consultations and advocates with regulators and exchanges on behalf FIA Contact Jackie Mesa Participation Criteria Open to all members Request InformationRegion Global Theme Strategic Type Working Group | EXCRISCON |
Financial Management CommitteeFosters education and understanding of practices and regulations, and advocates for clarity and rule changes that protect and enhance the integrity of the industry. Topics include financial, collateral, and margin management practices, as well as regulat FIA Contact Allison Lurton Participation Criteria Open to Operations Americas Division members. Request InformationParent Operations Americas Division Region Americas Theme Operations Type Committee | FINMAN |
Gilt Repo Clearing UK Working GroupExamines regulatory and market developments in the UK with respect to the gilt repo market, focusing on central clearing of gilt repos. Responds to the Bank of England Discussion Paper on the resilience of the gilt repo market. FIA Contact Mitja Siraj Participation Criteria Available upon request Request InformationRegion Europe Theme Regulatory Type Working Group | GILREPCLEUK |
Give-Up Agreements CommitteeReviews and updates the FIA Standard Customer Give-Up Agreements FIA Contact Natalie Tynan Participation Criteria Request information Request InformationParent Law & Compliance Division Region Americas Theme Strategic Type Committee | GIVAGR |
Government Affairs CommitteeCollaborates in developing and executing a political engagement strategy with Members of Congress, U.S. regulatory agencies and other key policymakers. Provides member firms the opportunity to highlight priorities for the group to consider and to receive FIA Contact Darin Guries Participation Criteria Request Information Request InformationRegion Americas Theme Government Relations Type Committee | GOVAFF |
Government Relations CommitteeProvides updates on all EU and UK regulatory developments and advocacy meetings in all key focus areas of FIA (e.g. MiFID, EMIR, Commodities, consultation responses). FIA Contact Jean Pierre Salendres Participation Criteria Open to all members Request InformationRegion Europe Theme Government Relations Type Committee | GOVREL |
IAS 32 Legal opinions Working GroupDiscusses legal aspects of the International Accounting Standard 32, specifically the legal opinions that firms need to satisfy this accounting standard. The group's current focus is on CM - CCP exposures. FIA Contact Mitja Siraj Participation Criteria Available upon request Request InformationParent Legal Committee Region Europe Theme Legal/Compliance Type Working Group | IAS32LEGOPI |
Industry Resilience CommitteeFocuses on all forms of operational resilience, including but not limited to cyber resilience. Discusses cyber incident management, resilience planning and recommends best practices for the industry. This committee was established from a recommendation by FIA Contact Don Byron Participation Criteria Open to all members Request InformationRegion Global Theme Operations Type Committee | INDRES |
JAC CommitteeExplores issues related to the separate account margin management issues stemming from various CFTC no-action letters FIA Contact Allison Lurton Participation Criteria Request information Request InformationParent Law & Compliance Division Region Americas Theme Legal/Compliance Type Committee | JAC |
JAC Margins Handbook Update Working GroupIdentifies areas of the JAC Margins Handbook that need updating due to regulatory and operational developments since the Handbook's initial publication. Provides member feedback to the JAC for consideration in any new published version. FIA Contact Michael Sorrell Participation Criteria Request information Request InformationParent Financial Management Committee Region Americas Theme Legal/Compliance Type Working Group | JACMARHANUPD |
Law & Compliance DivisionMonitors legal and regulatory developments affecting the futures and derivatives industry, assisting FIA in providing information to help relevant regulators and courts make decisions that affect the cleared derivatives industry FIA Contact Allison Lurton Participation Criteria Open to all members. Individual subscription to the Division required. Request InformationRegion Americas Theme Legal/Compliance Type Committee | LAWCOMDIV |
Law, Risk & Compliance CommitteeIdentifies, monitors and addresses legal and regulatory developments affecting the exchange traded and centrally cleared derivatives industry across the Asia-Pacific region. FIA Contact Tze Min Yeo Participation Criteria Request information Request InformationRegion Asia Pacific Theme Legal/Compliance Type Committee | LAWRISCOM |
Legal CommitteeDiscusses legal, regulatory, capital and other issues, as they relate to OTC and ETD derivatives clearing, which includes both CCP and client- facing aspects, as well as looking at industry standard contractual arrangements that firms need to put in pla FIA Contact Mitja Siraj Participation Criteria Request information Request InformationRegion Europe Theme Legal/Compliance Type Committee | LEG |
Mandatory CCP Provisions Working GroupReviews Mandatory CCP Provisions in CCP Rulebooks (i.e., provisions that the CCPs require their members to include in client clearing agreements) and identifies gaps with the FIA ToBs. Where gaps are found, industry standard language that clearing firms c FIA Contact Mitja Siraj Participation Criteria Available upon request Request InformationParent Legal Committee Region Europe Theme Legal/Compliance Type Working Group | MANCCPPRO |
Market Infrastructure and Supervision Working GroupDiscusses advocacy priorities and draft position papers in response to the European Commission's market integration package, including proposed changes for centralisation of supervision in the EU, ESMA mandate and governance, commodities, and CCP Recovery FIA Contact Jean Pierre Salendres Participation Criteria Open to all members Request InformationRegion Europe Theme Regulatory Type Working Group | MARINFSUP |
Metals CommitteeIdentifies, monitors and addresses regulatory developments and day-to-day compliance issues in metals markets across Europe. FIA Contact Christiane Leuthier Participation Criteria Open to members who are metal market participants. Bio required from potential new members and approval by the committee. Request InformationRegion Europe Theme Commodities Type Committee | MET |
MiFIR Reporting Working GroupDiscusses reporting obligations set out in MiFIR. FIA Contact John Graham Participation Criteria Request information Request InformationRegion Europe Theme Regulatory Type Working Group | MIFREP2 |
Netting Opinions CommitteeDevelops Netting Opinions in primary jurisdictions where FCMs operate and provides periodic updates to opinions. FIA Contact Michael Sorrell Participation Criteria Request information Request InformationParent Law & Compliance Division Region Americas Theme Legal/Compliance Type Committee | NETOPI |
OCR Working GroupDevelop advocacy strategy for codification and revision of CFTC Ownership and Control Reporting rules and monitor for implementation FIA Contact Natalie Tynan Participation Criteria Open to Law & Compliance and Operations Americas Division members. Request InformationParent Law & Compliance Division Region Americas Theme Legal/Compliance Type Working Group | OCR |
Operational Considerations for CME-FICC’s Customer Treasuries Cross-Margining Working GroupIdentifies and resolves operational considerations and challenges for BD-FCMs participating in CME-FICC’s cross-margining program for customer treasuries and related futures positions. FIA Contact Michael Sorrell Participation Criteria Open to all members Request InformationParent Law & Compliance Executive Committee Region Americas Theme Legal/Compliance Type Working Group | OPECONCMECUS |
Operational Resilience Policy CommitteeReviews and agrees FIA’s advocacy position on operational resilience policies and regulation in the EU and in the UK. Responds to ongoing operational resilience consultations from the European Commission, European Supervisory Authorities, ECB, Bank of Eng FIA Contact Jean Pierre Salendres Participation Criteria Open to all members Request InformationRegion Europe Theme Regulatory Type Committee | OPERESPOL |
Operations Americas DivisionPromotes industry cooperation and the exchange of ideas among FIA members throughout the Americas. FIA Contact Don Byron Participation Criteria Open to all members Request InformationRegion Americas Theme Operations Type Committee | OPEAMEDIV |
Operations Committee APACFocuses on the operational aspects of the trading and clearing of exchange-traded and centrally cleared derivatives. Aims to identify and address issues relating to minimising operational risk, increasing efficiency and improving operational systems and p FIA Contact Stella Gan Participation Criteria Request information Request InformationRegion Asia Pacific Theme Operations Type Committee | OPEAPA |
Operations Committee EuropeAddresses issues relating to the post-trade clearing and processing of OTC and exchange-traded derivatives. Focuses on regulatory changes which impact upon the operational aspects of derivatives clearing, CCP and vendor liaison regarding change management FIA Contact Stuart Bailey Participation Criteria Request information Request InformationRegion Europe Theme Operations Type Committee | OPEEUR |
Part 20 Swaps Large Trader Reporting Sunset Working GroupPrepares a formal request to the CFTC to sunset its Part 20 large trader reporting regime for commodity swaps, and coordinates related advocacy. FIA Contact Michael Sorrell Participation Criteria Open to all members Request InformationParent Law & Compliance Division Region Americas Theme Legal/Compliance Type Working Group | PAR20SWALARTRA |
Post-Trade CommitteeAddresses post-trade technology challenges and seeks to enhance operational efficiencies across post-trade processes through the adoption of industry standards, cutting-edge solutions, and fostering of a resilient and adoptive infrastructure FIA Contact Don Byron Participation Criteria Open to Operations Americas Division members Request InformationParent Operations Americas Division Region Americas Theme Operations Type Committee | POS |
Prediction Markets Legislation Working GroupDiscusses pending legislation before multiple state legislatures that would impose excise taxes on event contracts entered into by consumers within the state FIA Contact Darin Guries Participation Criteria Request information Request InformationRegion Americas Theme Government Relations Type Working Group | PREMARLEG |
Recovery Working GroupExamines key operational resiliency considerations for the industry when recovering from a global multi-day outage. Includes a focus on operational continuity planning for essential functions. FIA Contact Stuart Bailey Participation Criteria Open to all members Request InformationParent Industry Resilience Committee Region Global Theme Operations Type Working Group | REC |
Relief for FCMs to clear Treasuries under CFTC Rule 1.25 Working GroupWorks with counsel to develop a written request to the CFTC to modify Rule 1.25 to allow FCMs to clear treasuries and repos involving customer funds, in compliance with the SEC treasury clearing mandate. FIA Contact Michael Sorrell Participation Criteria Open to all members Request InformationParent Law & Compliance Executive Committee Region Americas Theme Legal/Compliance Type Working Group | RELFCMCLETREUN |
Reporting & Data CommitteeReviews developments in the regulatory reporting space, provides updates from the various reporting working groups (including the FIA EMIR Reporting Working Group and the FIA MiFIR Reporting Working Group) and discusses advocacy efforts. FIA Contact John Graham Participation Criteria Open to all members Request InformationRegion Europe Theme Regulatory Type Committee | REPDAT |
Residual Interest Working GroupSeeks relief from CFTC for FCMs to withdraw excess residual interest from the customer seg account in a more timely manner than is allowed under current rules. FIA Contact Natalie Tynan Participation Criteria Open to Operations Americas Division members. Request InformationParent Financial Management Committee Region Americas Theme Legal/Compliance Type Working Group | RESINT |
Retail CommitteeIdentifies, monitors and addresses regulatory developments specific to firms with a retail focus. FIA Contact Natalie Tynan Participation Criteria Available upon request Request InformationParent Law & Compliance Division Region Americas Theme Legal/Compliance Type Committee | RET |
Self-Match Prevention Working GroupAddresses the gaps and inconsistencies in self-match prevention tools and creates a consistent approach to the technical implementation of same at exchange and software vendor levels. FIA Contact Tessa Jones Participation Criteria Available upon request Request InformationParent ETrading Committee Region Global Theme Technology Type Working Group | SELPRE |
Single Stock Futures Working GroupAnalyses NFA and FINRA requirements for security futures and generates proposals for updates FIA Contact Natalie Tynan Participation Criteria Request information Request InformationRegion Americas Theme Legal/Compliance Type Working Group | SINSTOFUT |
Surveillance CommitteeDiscusses monitoring and surveillance obligations in an era of increasingly complex products, systems, AI and enhanced scrutiny from regulatory bodies. FIA Contact John Graham Participation Criteria Request information Request InformationRegion Europe Theme Regulatory Type Committee | SUR |
Sustainable Finance Distribution listDistributes updates on developments relating to sustainable finance and its impact on the cleared derivatives market FIA Contact John Graham Participation Criteria Open to all members. Request InformationRegion Europe Theme Strategic Type Distribution List | SUSFINDISLIS |
T+1 Working GroupHelps prepare for deliverable equity ETDs to move to T+1 settlement, by market convention, ahead of T+1 settlement coming into force on 11 October 2027. The remit includes development of best practices for moving physically deliverable equity ETDs to T+1, FIA Contact Stuart Bailey Participation Criteria Available upon request Request InformationParent Operations Committee Europe Region Europe Theme Operations Type Working Group | T1 |
Technology Vendors CommitteeDiscusses matters relevant to software vendor firms in Europe, including exchange upgrades, regulatory proposals and operational challenges. Considers development of industry best practice. FIA Contact Stuart Bailey Participation Criteria Open to software vendor member firms Request InformationRegion Global Theme Technology Type Committee | TECVEN |
Tokenisation/DLT Working GroupCoordinates advocacy on key EU and UK policy developments related to tokenisation and DLT. Provides a forum to exchange views and align FIA responses to upcoming consultations on tokenisation in the UK, central bank settlement infrastructure (RTGS/CHAPS), FIA Contact Jean Pierre Salendres Participation Criteria Open to all members Request InformationRegion Europe Theme Regulatory Type Working Group | TOK2 |
Tokenization Working GroupExamines the operational, technological, legal, regulatory and compliance issues associated with tokenization of assets for margin, collateral, and settlement for US derivatives market participants. FIA Contact Natalie Tynan Participation Criteria Open to all members Request InformationParent Law & Compliance Executive Committee Region Americas Theme Legal/Compliance Type Working Group | TOK |
Treasury Clearing Risk Working GroupDiscusses clearing risk for treasury clearing. FIA Contact Jackie Mesa Participation Criteria Request information Request InformationParent CCP Risk Committee Region Global Theme CCP Risk Type Working Group | TRECLERIS |
Treasury Clearing Working GroupReviews SEC, FICC and CFTC rules relating to clearing of US treasuries and repos to ensure continued access to such markets for FCMs. FIA Contact Allison Lurton Participation Criteria Request information Request InformationParent Law & Compliance Executive Committee Region Americas Theme Legal/Compliance Type Working Group | TRECLE |
Treatment of Letters of Credit under CFTC Margin Rules Working GroupReviews the treatment of letters of credit under CFTC rules and considers engagement with CFTC to make LOCs more beneficial for FCMs and customers in managing margin requirements. FIA Contact Michael Sorrell Participation Criteria Open to all members Request InformationParent Law & Compliance Division Region Americas Theme Regulatory Type Working Group | TRELETCREUNDCF |