Phase I of the LSTA’s new “requirements-based” par/near par delayed compensation regime goes into effect as of today – September 1, 2016. The new regime aims to reduce settlement times by preserving or retracting a Buyer’s rights to receive delayed compensation depending upon its compliance with the new tighter time frames. Phase II of the LSTA’s roll-out will go into effect as of November 1, 2016.
For further details please see:
RKO will continue to closely monitor any new developments, so please do not hesitate to contact us with any questions or if you would like more information on the new LSTA par/near par delayed compensation rules.