In May 2008, the International Swaps and Derivatives Association, Inc. (ISDA) formed a working group to produce standard provisions for equity derivative transactions referencing exchange traded funds (ETFs). This working group is made up of ISDA staff members, lawyers and derivative experts from dealers, banks and ETF manufacturers. Carol Derk, a senior partner of BLG in the Investment Management Group, is the only Canadian member of the working group.

type Investment Management Advisory - September 2008 - ISDA Annex for Derivatives on Exchange Traded Funds