Announcements


BEC-4: I notice that the supplier (and not the utility) is named as the “Regulated Entity” in the Supplement. Can you confirm that this is correct? How would I check whether an entity is a “Regulated Entity” under the ISDA 2018 U.S. Resolution Stay Protocol?

The identification of the Parties in the Supplement is correct.

Each of AIC, ComEd, and MEC is an Adhering Party (but not a Regulated Entity) under the ISDA 2018 U.S. Resolution Stay Protocol (“ISDA Stay Protocol”).  A supplier that is a “Regulated Entity” under the ISDA Stay Protocol has the option to execute the Supplement by mutual agreement of the Parties.  In this context, “Regulated Entity” is a defined term under the ISDA Stay Protocol and does not take on its meaning in ordinary language.

Please consult the list provided here (https://www.isda.org/protocol/isda-2018-us-resolution-stay-protocol/adhering-parties) to determine whether an entity is a Regulated Entity under the ISDA Stay Protocol.