FIN.

Treasury approves JMLSG Chapter 17 changes

Treasury has approved revisions to Chapter 17 of Part 2 of the JMLSG guidance. The chapter covers syndicated lending, and has been rewritten by the Loan Market Association. Among the changes are content that:

  • explains who the “customer” is in a tri-partite arrangement;
  • looks at the role of the agent and its relationship with the buyer; and
  • when a borrower may become a customer of a buyer in the secondary market.
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Emma Radmore