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
- Black Swan Flies Again – New BVI Legislation Confirms Availability of Free-Standing Interim Relief 08 February 2021
- Cayman Islands Update: Virtual Asset Service Provider Regime 27 January 2021
- The Regulatory 15/15: January 2021 15 January 2021
- EU Regulator Warning on Post Brexit Financial Services EU Access 14 January 2021
- Cayman Islands Update: Additional Updates on AEOI and the DITC Portal 05 November 2020
NEWS & DEALS
- 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
- Maples Group Expands Presence to Mainland China 14 March 2019
- Introducing the Maples Group - A Brand Evolution 28 January 2019