Public Policy & Regulation
Regulation is constantly evolving. We aim to anticipate and address potential impacts on the loan markets, both broadly and within specific areas. By engaging in consultation responses, developing position papers, and maintaining dialogue with regulators and stakeholders, we contribute to shaping regulatory developments and supporting compliance and best practice across the loan markets.
Regulatory Scanner and Insights Newsletter
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Latest News
LMA responds to HMRC's consultation on simplifying treaty relief from withholding tax on cross-border interest payments
On 7 September 2026, the LMA responded to HMRC's consultation on simplifying treaty relief from withholding tax on cross-border interest payments.
In its response, the LMA noted the submissions made by the Association of Corporate Treasurers and UK Finance and focused its comments on matters of particular relevance to the syndicated lending market and market-standard loan documentation. The LMA also highlighted the importance of sufficient implementation time and appropriate transitional arrangements to allow any changes to be reflected in market practice and standard industry documentation.
Key takeaways from LMA roundtable on Ireland's implementation of Article 21c
On 15 July 2026, the LMA hosted a roundtable with Arthur Cox on Ireland's implementation of Article 21c of CRD VI.
The session covered an overview of Ireland's newly published transposition measures and practical implications for cross-border lending into Ireland.
Click Read more to access our key takeaways.
LMA and PPIA publish joint response to ESMA Call for Evidence on restricted subscription and private credit ratings
On 29 May 2026, the LMA and the Private Placement Investors Association (PPIA) submitted a joint response to ESMA's Call for Evidence on restricted subscription and private credit ratings, highlighting the important role of non-public credit ratings where issuers require confidentiality over sensitive strategic, financial or structuring information.
Click Read more to access our full response.
LMA publishes response to FCA AI Input Zone
The LMA recently published a response to the Financial Conduct Authority (FCA) AI Input Zone consultation on good and poor practice in the use of artificial intelligence (AI) in UK financial services.
The submission highlights key themes observed in the loan market, including emerging AI use cases, governance approaches and practical challenges in deployment.
Click Read more to access a copy of our submission.
LMA responds to FCA / PRA consultations on reforms to UK securitisation requirements
On 18 May 2026, the LMA submitted its response to the FCA and PRA consultations on the review of the UK securitisation framework - a critical piece of work given the role securitisation, particularly CLOs, plays in supporting financing to the real economy and contributing to the UK’s global competitiveness.
Click Read more to access our submission.
Featured Resources
LMA Article 21c Tracker for CRD VI
As of 3 Sept 2026, 33% of Member States had yet to adopt final rules
LMA Regulatory Insights paper on Article 21c of CRD VI
Practical guidance on cross-border corporate lending (May 2026)
Call to Action
The LMA is considering its response to these consultations and would like to hear from you with your views. Please contact Jesse Beardsworth or Evelien Alblas if you would like to be involved.
Make your voice heard
If you have any suggestions for LMA public policy and regulatory work or would like to express your interest in getting involved in any of our public policy and regulatory work, you can submit your interest here.
Contact Us
Jesse Beardsworth
Interim head of uk and eu public policy & regulatory affairs (consultant)
Jesse.Beardsworth@lma.eu.com
Evelien Alblas
EU Regulatory & Public Affairs Manager (Consultant)
Evelien.Alblas@lma.eu.com


