The LMA, APLMA and LSTA today announced the publication of the Social Loan Principles (SLP). The SLP aim to create a high-level framework of market standards and guidelines, providing a consistent methodology for use across the social loan market, whilst allowing the loan product to retain its flexibility and preserving the integrity of the social loan market while it develops. The SLP build on and refer to the Social Bond Principles (SBP) administered by the International Capital Markets Association (ICMA), with a view to promoting consistency across financial markets.

We published our exposure draft RFR documentation as recommended forms. We replaced the existing single currency SONIA and SOFR exposure drafts with two recommended form single currency RFR facilities agreements (one based on observation shift and one without shift) (the "Single Currency Compounded Rate Facilities Agreements") and updated the RFR Terms and notes outlining LIBOR transition considerations for the LMA's wider suite of documentation.

Bringing together experts in their fields across the EMEA developing markets, this virtual conference will help participants understand not just the impact of the Covid-19 pandemic, but also the underlying challenges and opportunities in these markets. With the opportunity to watch panel discussions with live speaker Q&A, take part in interactive debates and to network online with LMA members around the world, register now to secure your place.

On 8 March 2021, the LMA updated its privacy notice. The LMA's privacy notice contains information about how we process and use your data and the rights that you have in respect of your personal data.

A copy of the LMA's privacy notice can be found here. Please contact us at lma@lma.eu.com should you have any queries in relation to the updates to the LMA's privacy policy.

On 3 February 2021, we published a number of notes which outline, at a high level, considerations for market participants relating to the impact of LIBOR transition on LMA documentation outside of the context of English law investment grade documentation. Our previously published exposure draft rate switch agreements and multicurrency compounded rate/term rate facility agreements are based on the LMA's form of investment grade multicurrency term and revolving facilities agreement, governed by English law, and therefore necessarily address that market. We are mindful that our suite of documentation addresses other loan product areas and jurisdictions.