Regulatory & Compliance
EMIR
We provide both legal and operational support to fund managers in meeting the ongoing obligations of EMIR, including reporting and clearing of OTC derivatives and risk reduction obligations.
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.
Related Contacts
KNOWLEDGE
- Recent Cayman Islands Regulatory Developments 18 September 2023
- Revised AML Guidance Notes on e-KYC and Remote CDD / Ongoing Monitoring 08 September 2023
- Conflict Advisory Review Services – Best Practice to Mitigate Risk 26 July 2023
- Cayman Islands Satisfies All FATF Recommendations 23 June 2023
- Obligations and Filing Deadlines for Registered Cayman Islands Investment Funds 12 June 2023
NEWS & DEALS
- BVI Voluntary Liquidations Team Welcomes Cristiane Matos 30 January 2023
- Maples Group Welcomes New Head of Fiduciary Services – Luxembourg 05 December 2022
- Netherlands Office Move 01 November 2022
- Maples Group Achieves ISO 27001 Certification 28 April 2022
- COVID-19 What is Maples Group doing 20 March 2020