- Coming Soon: European Clearing
- September 3, 2015
- Law Firm: Sutherland Asbill Brennan LLP - Washington Office
On August 6, the European Commission published regulations to impose mandatory clearing on certain classes of interest rate swaps, in accordance with the European Market Infrastructure Regulation (EMIR). Subject to a three-month review by the European Parliament and Council of the European Union, the rules could enter into force at the end of this year and compliance could be required beginning in the second half of 2016.
U.S. funds that engage in swaps trading activity with European counterparties may be subject to the new regulations and, as such, should familiarize themselves with the requirements.