Digital Steering Group Survey

Name*

First Last

Email*

Company Name*

Digital Steering Group

The DSG has been attended regularly by approximately 40 attendees, which is a good showing, but significantly short of the 210 registered to attend the group.

1. Do you or a delegate regularly attend the DSG?*

2. What are the reasons you attend? (Tick all that apply).

If you said yes to Q1:

Initiative updates

Regulation updates

Guest speakers

Other

Other (please expand):

Please let us know what you want to see more of, additional or instead of:

3. What are the reasons you do not attend? (Tick all that apply).

If you said no to Q1:

I am not the right person at our firm for this group (we will de-register you)

I find I get all the information I need from the materials distributed

I am not interested in the subject matter

I do not have the time

Other

Please let us know who we should add in your place:

Please let us know what you want to see more of/instead of:

Other (please expand):

4. Do you feel the frequency of the DSG is sufficient?*

Yes

No - need more frequently

No - need less frequently

5. Would you be willing to give a guest speech on a topic relevant at your firm, or to the industry?*

Yes

No

6. Are there any guest speakers or firms you would like to see at the DSG?*

7. Please provide candid feedback on the DSG - what do you like? What could be improved?*

Strategic Direction

ISLA’s strategy has been informed by both its membership and its board, something which we are keen to continue. The digital strategy has centred on advancing The Agenda for Change published in 2019, with an update earlier this year . This strategy can be summarized as: • Agree standards • Digitise those standards • Advocate for adoption in the industry and with regulators

1. Do you feel that this is still the correct strategy for ISLA?*

Yes

No

Other

2. Please rank in order the following areas of digital focus in terms of priority for ISLA to tackle next year:

Note there will be subsequent sections of this survey that look at the detail of what these could entail.

Common Domain Model
Document Digitalisation
Digital Regulation
Digital Assets
Technologies: AI, ML, Cloud, DLT etc.
Market Infrastructure: ALD, Data Sources etc.

3. If there are other areas of focus not mentioned in question 2, or you’d like to elaborate on your viewpoint, please do so here:

Document Digitisation

ISLA completed the first step to standard digitized documentation with the advent of the ISLA Clause Library in 2021. Previous guidance from the membership meant that this content was released as a set of regular format files rather than being presented as structured data or hosted by a digital platform. Further extensions to the ISLA Clause Library content will be directed by the Legal Working Group, however there are some digital considerations on next steps:

1. What should the next step on the digitisation of the GMSLA?*

Digitise in the CDM

Digitise in a separate platform

2. Is distribution of the ISLA Clause Library as word, pdf and excel formats sufficient or do you want ISLA to host through a software platform?*

These forms are sufficient

Host via a platform

3. Are there other documents, whether legal or operational in nature, that you feel should be prioritised for digitisation?*

Yes

No

If yes to the question above, please elaborate:

Digital Regulation

The approach to digital regulation has been to highlight regulation to the DSG and ask whether the membership would like ISLA to respond. Most of those have dealt with digital asset consultations. Largely the DSG has remained silent on those regulations.

1. Why, in your opinion, has the response rate been low to date? (Tick all that apply).*

The regulations have deadlines that are too far in the future to contemplate now

The DSG is not the right forum- regulation should be dealt with in the regulatory forum instead

Firms’ securities lending programmes have not advanced far enough in the digital asset space to allow attendees to determine the immediate relevance of the regulation

CSDR and other regulations are of more pressing concern

2. Are there digital regulations that you’re aware of (either via the ISLA DSG or elsewhere) that you would like ISLA to focus on?*

Yes

No

If yes to the question above, please elaborate:

Member Priorities*

We are keen to understand what the technology priorities for your firm are over the next 12 - 18 months. Could you please list them below:

ISLA Digital Steering Group Survey

Digital Steering Group Survey

Digital Steering Group

Strategic Direction

Common Domain Model

Document Digitisation

Digital Regulation

Digital Assets

Technology Solutions & Market Infrastructure