The U.S. Security Exchange Commission (SEC) issued a final rule that restricts securitization participants with respect to an asset-backed security (ABS) from engaging in conflicted transactions with respect to the ABS until the one-year anniversary of the first closing of the sale of the ABS. Presented by Joseph (Giles) Kelly, Partner, Sidley Austin LLP and Eno M. Usoro, Partner, Sidley Austin LLP.
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Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.