Sanctions: OFAC SSI List Sanctions
The LMA has released a guidance note on the impact of certain sanctions recently imposed by the US Treasury Department's Office of Foreign Assets Control under Executive Order 13662.
Sanctions: Guidance Note
The LMA has issued a further guidance note on sanctions, which provides a brief and non-comprehensive overview of the legal basis of US and EU sanctions regimes and flags transactional concerns and potential protections that Members may wish to consider including in loan documentation, where relevant in the context of a particular transaction
LMA responds to the ECB and the Bank of England ("the Central Banks") consultation for a better functioning securitisation market
The LMA has responded to a discussion paper issued by the Central Banks on the case for a better functioning securitisation market in the European Union.
We have provided the Central Banks with our specific recommendations as to what could be done to improve securitisations in the context of CLOs, as well as general feedback relating to the CLO market generally.
LMA July Monthly Update
The LMA's July Monthly Update is now out summarising the latest legal & regulatory news and with updates on recent LMA initiatives.
Update to LMA documentation
We have revised our suite of documentation to incorporate, amongst other things, provisions to make FATCA a payee risk, where considered relevant for the particular market.
LMA launches new Intercreditor Agreement for use in real estate finance transactions
We are pleased to announce the launch of our new recommended form of Intercreditor Agreement for use in real estate finance transactions (the "REF Intercreditor").
Notice on the application of competition law to syndicated loan arrangements
In the light of recent changes to the UK competition law regime, the LMA has produced a notice on the application of competition law to syndicated loan arrangements