March 15, 2019 - Late last night (US Eastern time) the Japanese Financial Services Agency (JFSA) published its final rule and related FAQs on capital charges relating to investments in securitizations. Our counsel, Sidley Austin Nishikawa, spent the evening analyzing and translating the parts that are relevant to investments in CLOs.  A translation of the relevant comments and FAQs are available here and here.  We hope to distribute our analysis later today. The rule and FAQs are available in Japanese, here.

For more information, please contact Elliot Ganz at

Become a Member

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.

View Current Members

Our Partners

CUSIPFitch Group logoMorningstarRefinitiv-(March-2019)
Total Results: 

Sort by:

Market Advisory on FIRPTA

The LSTA published a Market Advisory which discusses the implications of The Foreign Investment in Real Property Tax Act (“FIRPTA”).