Legal Guidance and Research / Experts / David McCallum
David McCallum#13045

David McCallum

CMS Cameron McKenna Nabarro Olswang LLP
David McCallum is Of Counsel in the Capital Markets and Derivatives team of CMS Cameron McKenna Nabarro Olswang LLP advising investment banking clients on derivatives and structured products linked to a wide range of asset classes including equities, indices, commodities, credit, funds and FX. David in particular focuses on securitised and OTC credit transactions and the drafting and structuring of proprietary indices.

Practice Area

Panel

  • Contributing Author

Qualified Year

  • 2013

Experience

  • CMS Cameron McKenna Nabarro Olswang LLP (2014 - Present)
  • Anderson Strathern LLP (2011 - 2014)

Education

  • LL.B – University of Glasgow, 2010
  • MA (Hons) Economics – University of Glasgow, 2005

1 Contributions by David McCallum

UK EMIR for pension schemes: indefinite clearing exemption, PS23/2-aligned reporting reforms and uncleared margin obligations
PRACTICE NOTES
UK EMIR for pension schemes: indefinite clearing exemption, PS23/2-aligned reporting reforms and uncleared margin obligations
This Practice Note This Practice Note examines the European Market Infrastructure Regulation (EMIR), Assimilated Regulation (EU) 648/2012 (UK EMIR) as it has operated in the UK since IP completion day (11 pm on 31 December 2020) and the duties it places on pension schemes. For details on how UK EMIR departs from EMIR (EU) 648/2012 (OJ L 201, 27.7.2012, p. 1) (EU EMIR) and the circumstances in which EU EMIR applies, see Practice Note: UK EMIR—essentials. EU EMIR is the key EU instrument governing the over the counter (OTC) derivatives market. It extends to counterparties to derivatives transactions, including EU pension arrangements and common investment funds, central counterparties (CCPs) and trade repositories, although the range of obligations in EU EMIR has been introduced on a staged basis. EU EMIR took effect on 16 August 2012, with most provisions applying once the relevant technical standards had come into force. It has been modified by a number of measures, including: Regulation (EU) 2019/834 (OJ L 141/42) (referred to as EU EMIR Refit) Regulation (EU) 2019/2099 (OJ L 322/1) (referred to as EU EMIR 2.2) On 7 February 2024 the Council and the Parliament reached a provisional political agreement on a review of EU EMIR, which...
Pensions
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