The Building Safety Act 2022 (BSA), which came into force 1 April 2023, is primarily intended to improve the design, construction and management of higher-risk buildings in England and Wales in the wake of the Grenfell Tower fire in 2017. The BSA is the most wide-ranging and comprehensive legislative reform affecting the built environment in decades.

Our new guidance note includes a number of key points for consideration for bank and non-bank lenders, and their advisors, when using the LMA’s template real estate finance facility documentation in circumstances where the BSA may apply.

Our new flagship event, FutureLend 2024, is intended to empower and inspire young lenders and bankers with a shared passion for finance.

Offering a fantastic opportunity to network with senior industry professionals and to explore topics ranging from new technologies and innovations to diversity in the finance industry, FutureLend 2024 will help you to plan and develop your career.

Improving efficiency, particularly around settlement times, in the primary and secondary loan markets continues to be one of the key goals of the LMA and its members.

Working with members of the Board from both the buy and sell side, the Board have approved a recommended timeline for settlement of primary leveraged loan syndication, incorporating fault based delayed settlement compensation. 

The timeline seeks to address the delays occurring by providing a set of recommended timings for key steps in the syndication process and where the recommended settlement time is not met, the introduction of a fault based delayed settlement compensation mechanism. 

Bringing together thought-leaders from across the sector, our 2024 Real Estate Finance Conference will delve into the key issues surrounding real estate finance and the built environment.

It is aimed at lenders, investors, developers, owners and advisors who want to learn, network and stay ahead in this dynamic and rapidly evolving market.

On 8 April 2024, we published an updated version of our RFR destination table.

The document has been revised in accordance with member feedback. As a result, it has been split into two destination tables:

(i) A new table has been added which is divided by currency / RFR – this allows members to more easily locate the documents which are relevant for a particular currency / RFR;

(ii) The existing table which is divided by sector to show the RFR equivalent (or most close equivalent) to a previously LIBOR-referencing LMA document.

The updated destination tables are intended to make our RFR documentation more easily accessible to members.  

On 14 March 2024, we responded to ESMA’s Consultation Paper on Securitisation Disclosure Templates.

Our recommendation would be for a pragmatic approach provided for in Option C which is to develop a simplified template for private securitisations and streamline annexes in the current disclosure framework in the short term, followed by the longer-term solution in Option D which involves a full overhaul of the templates. 

On 20 March 2024, our privacy notice was updated on account of changes in connection with our new Horizons publication. 

Click read more to access the privacy notice.