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HM Treasury consults on changes to limited partnership law

United Kingdom - September 8 2015 On 23 July, HM Treasury published a consultation paper on proposed changes to UK limited partnership law. The proposed changes are designed to ensure…

Jonathan Master, Ronald Paterson

ESMA discussion paper on the calculation of counterparty risk by UCITS for OTC financial derivative transactions subject to clearing obligations

European Union - August 13 2014 On 22 July 2014, the European Securities and Markets Authority (ESMA) issued a discussion paper (DP) on counterparty risk calculation methods for…

Jonathan Master, Stefanie Sahla-Jones

Changes to limited partnership law - UK Private Fund Limited Partnerships

United Kingdom - March 1 2017 Following the Government's July 2015 consultation, the legislative reform order (LRO) to introduce private fund limited partnerships (PFLPs) was laid…

Louise Finnie, Jonathan Master, Ronald Paterson, Lily Tomkins

EMIR update - FCA supervisory priorities and RTS on clearing obligation for swaps

European Union - January 19 2015 The FCA has updated its website to set out its supervisory priorities in respect of Regulation (EU) No 648/2012 on OTC derivatives, central…

Jamie Dunlop, Jonathan Master

ISDA Master Agreement – final amendment to Section 2(a)(iii)

Global - August 1 2014 In January 2014, the International Swaps and Derivatives Association (ISDA) published a draft amendment to Section 2(a)(iii) and we provided a…

Jamie Dunlop, Jonathan Master