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
- What Private Equity Managers Need to Know to File a Cayman Islands Fund Annual Return 11 April 2022
- The Regulatory 1515 February 2022 15 February 2022
- Cayman Islands Update: Economic Substance Reporting for an Entity Tax Resident in Another Jurisdiction 08 December 2021
- Cayman Islands Economic Substance Requirements for Discretionary Investment Managers 30 November 2021
- Cayman Islands Update: Economic Substance Reporting Deadlines 01 November 2021
NEWS & DEALS
- Maples Group Achieves ISO 27001 Certification 28 April 2022
- COVID-19 What is Maples Group doing 20 March 2020
- The Maples Group Celebrates 2000 Employee Milestone 14 November 2019
- Maples Group Jersey Expands to New Office Location 21 August 2019
- Introducing the Maples Group - A Brand Evolution 28 January 2019