The European Market Infrastructure Regulation (EMIR) is designed to improve transparency, mitigate counterparty credit risk and increase the stability of the over-the-counter (OTC) derivative markets throughout the EU. EMIR applies to financial and non-financial counterparties to derivatives contracts in the EU, as well as to those trading outside the EU under certain circumstances.
The Maples Group provides both legal and operational support to fund managers in meeting the ongoing obligations of EMIR which introduces reporting and clearing obligations for OTC derivatives, measures for reducing counterparty credit risk and operational risk, rules for central counterparties (CCPs) and trade repositories and for establishing interoperability between CCPs. Our services include:
- Advising on the on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg or assisting in relation to the potential application of EMIR;
- Reviewing investment management agreements and trading agreements to ensure responsibility is properly assigned for obligations introduced by EMIR;
- Operations and technology solutions that maintain the relevant trade, position and collateral data and integrate with trade repositories and perform the requisite reporting and reconciliations required under EMIR.
LocationsBoston | Cayman Islands | Dubai | Dublin | Hong Kong | Luxembourg | Montreal | Singapore
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The $US 501 million deal was hugely novel as it was the first ever US CLO transaction to employ a Cayman Islands LLC as its issuer.
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The Maples Group is pleased to announce the expansion of its global Shipping team with the appointments of a number of strategic hires in Asia.
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The Maples Group's law firm, Maples and Calder, is pleased to announce the appointment of Heidi de Vries as the Managing Partner of its London office.
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Maples Group Welcomes US Bankruptcy Courts Decision on the Rights of Investors in Cayman Islands Funds
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20 Aug 2019Read more
The Maples Group has announced the appointment of Olena Mykhailenko as a Vice President in Dubai.
19 Aug 2019Read more