What does the rule say? How will the rule change SPAC Practice. Presented by Derek Dostal, Partner, Capital Markets, Davis Polk & Wardwell LLP, Christian Nagler, Partner, Capital Markets, Kirkland & Ellis LLP and Joel Rubenstein, Partner, Capital Markets, White & Case LLP. Presentation and replay now available for LSTA Members.

On November 27, 2023, the U.S. Securities and Exchange Commission 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. This webinar examined the implications of this rule for CLOs. Presented by Joseph (Giles) Kelly and Eno M. Usoro, Partners at Sidley Austin LLP. Presentation and replay are now available for LSTA Members.

Financial transparency has been a concern of law enforcement and regulators for decades. To address this, Congress enacted the Corporate Transparency Act as part of the Anti-Money Laundering Act of 2020. Presented by Daniel Stipano, Partner at Davis Polk & Wardwell LLP. Presentation and replay now available for LSTA Members.

On November 3, 2023, the Financial Stability Oversight Council (“FSOC”) finalized new procedural guidance for its use of one of its most consequential authorities:  its ability to designate nonbank financial companies as “systemically important financial institutions” (“nonbank SIFIs”).  Designation as a nonbank SIFI subjects a nonbank company to Federal Reserve supervision and prudential standards. This new guidance replaces guidance that FSOC issued in 2019—and makes it significantly easier for FSOC to designate companies as nonbank SIFIs. The webinar provided an update on FSOC, including insights and reflections on the new guidance and its potential practical effects and implications for LSTA members and the market generally. Presented by Jeffrey T. Dinwoodie and Matthew M. Kelly, both Partners at Cravath, Swaine & Moore LLP. Presentation and replay now available for members to download.

Energy M&A and finance practitioners from Haynes and Boone, LLP discussed the latest trends in oil and gas matters. Presented by Elizabeth Felicidario, Associate, Energy Practice Group, Kraig Grahmann, Partner and Co-Chair of Energy Transactions Group and Jeff Nichols, Co-Chair of Energy Practice Group, all from Haynes & Boone LLP. Presentation and replay now available to download for LSTA Members.