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...
The Securities and Exchange Commission earlier this year issued a two-part release that could impact investment managers - including loan managers. The second part of the release requests comments regarding proposed enhanced investment adviser regulation. The LSTA this week submitted a comment letter on the two proposals, broadly supporting the recommendations of the Investment Advisers...
In response to the SEC’s Re-Proposal of Shelf Eligibility Requirements for Asset-Backed Securities, the LSTA submitted a comment letter recommending that any SEC-mandated disclosure requirements for CLOs reflect the unique characteristics of syndicated loans and CLOs....
