Hazeltree and HedgeLegal Collaborate on Comprehensive UMR Guide
Hazeltree and HedgeLegal, the emerging leader in trading document negotiation for the buy side developed a comprehensive guide “Clearing up the Uncleared Margin Rules” for Hedge Funds and Asset Managers. The guide is intended to assist hedge funds and asset managers in gaining a better understanding of their obligations under Phases 5 and 6 of the Uncleared Margin Rules (UMR or Rules).
Managers have many decisions to make surrounding the new Rules for initial margin (IM). Funds falling within the Rules will be required to make a series of comprehensive changes to their operations and legal agreements. This guide is intended to assist in educating the market on the challenges ahead.