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 Islands Update: AML Amendment Regulations 2024 03 May 2024
- Cayman Islands Update: CRS Reporting Requirements 09 April 2024
- Russia Sanctions Update New Divestment Licensing Ground 22 March 2024
- Cayman Islands Update: Upcoming Fundamental Changes to Beneficial Ownership Regime 12 March 2024
- UK Director Verification Measures Target Financial Fraud 13 February 2024
NEWS & DEALS
- Maples Group Receives Continued Recognition for Information Security Management with ISO 27001 Certification 01 May 2024
- Maples Group Moves to New London Office with a focus on Clients, People and Collaboration 24 April 2024
- Maples Group Launches UK Liquidations Services 10 April 2024
- Maples Group Welcomes Blessing Buraimoh as First Global Diversity, Equity and Inclusion Lead 14 March 2024
- BVI Voluntary Liquidations Team Welcomes Cristiane Matos 30 January 2023