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
- Cayman AEOI: What Investment Managers Need to Know about FATCA and CRS Reporting 17 May 2023
- Winner Takes All: Costs Ruling in the FGL Holdings s.238 Appraisal Action 12 May 2023
- What Private Equity Managers Need to Know to File a Cayman Islands Fund Annual Return 11 April 2023
- The Regulatory 15/15: January 2023 13 January 2023
- The Regulatory 15/15: Holiday Break 15 December 2022
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