Articles | Finance, Funds | 19 Jan 2018

JIBFL: In Practice - Changes to the legal and regulatory landscape for fund-level derivatives transactions

Overview

This article considers how certain alternative investment funds (currently those managed by a manager authorised under the Alternative Investment Fund Managers Directive and potentially, in future, all EU alternative investment funds) may need to update their legal documentation in order to margin (exchange collateral on) their derivatives transactions. It also touches upon whether alternative structures are available to allow funds to execute their risk management strategies without the need to margin.