Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
The regulation setting out implementing technical standards for the hypothetical capital of a central counterparty under EMIR was published in the Official Journal.
On 13 May 2014, the regulation setting out implementing
technical standards ("ITS") for the hypothetical capital
of a central counterparty ("CCP") under the European
Market Infrastructure Regulation ("EMIR") was published
in the Official Journal of the EU. The ITS provide the frequency,
dates of the calculation and format of reporting by CCPs of
information on the derivatives it clears for all its clearing
members covered by its default fund. The requirements under the ITS
apply from 2 June 2014 except for the higher frequency reporting
requirements that may be imposed by national regulators during
stress situations, which will apply from 1 January 2015.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
