The EMIR REFIT will result in an expansion of the scope of AIFs that are considered to be a “financial counterparty” for the purposes of EMIR. ISDA have prepared an explanatory note to provide a high-level, factual overview of the effect of these changes, including the extent to which these changes might impact upon non-EU based alternative investment funds.
The note is available in English, Japanese and Korean.
Update: The note was updated on 7th June 2019 to take account of publication of the EMIR REFIT Regulation in the Official Journal of the European Union on 28th May 2019.
Documents (3) for ISDA Explanatory Note on Application of EMIR REFIT to Alternative Investment Funds (AIFs)
- ISDA EMIR REFIT Explanatory Note AIFS - updated 7th June 2019(pdf) will open in a new tab or window
- ISDA EMIR REFIT Explanatory Note AIFS (Japanese translation) - Updated 7 June 2019(pdf) will open in a new tab or window
- ISDA EMIR REFIT Explanatory Note AIFs (Korean translation)(pdf) will open in a new tab or window
Latest
ISDA AGM Studio: David Bailey
David Bailey, executive director, prudential policy, at the Bank of England, speaks with ISDA CEO Scott O’Malia about the UK’s approach to Basel 3.1, the impact of the revised US Basel III endgame on cross‑border consistency and the role of the...
ISDA AGM Studio: Harleen Bains and Sonali Das Theisen
How have trading desks responding to increased market volatility this year? Harleen Bains, ISDA board member and head of global markets sales, Canada, at RBC Capital Markets, and Sonali Das Theisen, global head of FICC e‑trading and markets strategic investments...
ISDA AGM Studio: Scott O'Malia and Chris Edmonds
Christopher Edmonds, president, fixed income & data services, at Intercontinental Exchange, speaks with Scott O’Malia, ISDA CEO, about how market volatility, regulatory change and technological transformation are reshaping global markets. The discussion explores what recent volatility has meant for participation,...
ISDA AGM Studio: Bill Borden, Microsoft
Bill Borden, corporate vice president, worldwide financial services, at Microsoft, speaks with Mark New, ISDA’s co-head of digital transformation and senior counsel, about how artificial intelligence (AI) is shaping the future of financial markets and the key factors firms should...