The Loan Market Association (LMA) has as its key objective improving liquidity, efficiency and transparency in the primary and secondary syndicated loan markets in Europe, the Middle East and Africa.
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What's New

LMA September Monthly Update

For the latest legal & regulatory news, regulatory submissions, briefing notes and upcoming LMA events.

LMA News H2 2015 (pub July 2015)

LMA responds to HMRC Consultation on Deduction of income tax from savings income: implementation of the Personal Savings Allowance

The LMA has responded to the HMRC consultation document 'Deduction of income tax from savings income: implementation of the Personal Savings Allowance' published on 15 July 2015. The LMA have chosen to focus on the non-TDSI interest aspects of the proposals which would potentially affect our members, in particular the obligation to deduct income tax from payments of yearly interest between corporate entities.

LMA adds secured option to its suite of South African Facility Agreements and Zambian law option to its Sub-Saharan African Facility Agreement

We have launched:

  1. a new secured single currency term facility agreement governed by South African law.  The accompanying User Guide to the suite of South African law facility agreements has also been updated; and
  2. a new version of its recommended form of facility agreement for use in East Africa (Kenya, Tanzania and Uganda) and Nigeria, to incorporate Zambian law.  The accompanying User Guide to the facility agreement has also been updated. 

LMA Guidance in relation to sanctions

Given the abundance of recent sanctions legislation that lenders are currently being required to comply with, it is important that members are aware not only of what those requirements are, but also their impact on loan transactions. In order to assist its members with understanding their compliance obligations generally and the impact of EU and US sanctions on loan transactions, the LMA has produced five types of guidance notes to date.  

Changes to the SRA's approach to Continuing Professional Development

The Solicitors Regulation Authority (SRA) has made changes to its approach to Continuing Professional Development (CPD) and has introduced a new approach to assessing continuing competence.