Firms will need to update their internal procedures and ensure they are ready to comply with the new requirements ahead of 1 November 2024.
HM Treasury (HMT), the Financial Conduct Authority (FCA), and the Prudential...more
The start of 2024 heralds the rollout of a new suite of rules for securitisation in the UK, which once adopted, will replace the existing on-shored UK Securitisation Regulation (the “UKSR”).
Originally published in...more
2/14/2024
/ AIFM ,
Amended Regulation ,
Buy-Side Trading ,
Due Diligence ,
EU ,
Financial Conduct Authority (FCA) ,
Institutional Investors ,
Internal Controls ,
Market Participants ,
New Regulations ,
Onshoring ,
Policies and Procedures ,
Prudential Regulation Authority (PRA) ,
Regulation Technical Standards (RTS) ,
Regulatory Standards ,
Securitization ,
UK
Undrawn credit lines are essential to private equity but in short supply from banks.
Undrawn revolving credit facilities (RCFs) are essential to private equity. They are a backup in the event of mismatches in the working...more
Debt portability provisions — reasonably common in high yield lending but historically rare in bank financing — have been recently seen in an increased number of US transactions, as deal terms react to a buoyant financing...more