Considerations For Firms Who Are Approaching the UMR Threshold: Lessons Learned And Key Takeaways From Previous Phases
In September 2022, regulators introduced Phase 6 of Uncleared Margin Rules (UMR), ushering in new legal requirements for a wider group of funds. Funds with an average aggregate notional amount (AANA) of over $8 billion are now considered in scope and many new firms have come into scope during the 2023 AANA observation period (March…
