Use Case: Helping Hedge Fund Y comply with Initial Margin Rules
Hedge Fund Y, based in Europe, is subject to EMIR. Article 19 of Commission Delegated Regulation (EU) 2016/2251 stipulates that “Counterparties” (a definition which includes Hedge Fund Y) which exchange initial margin must perform an “independent legal review” verifying the robustness of collateral segregation arrangements. The legal review itself may be conducted by an independent […]