Cayman Islands:
CLO 3.0 - The Regulatory Evolution For US CLOs
24 October 2019
Maples Group
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Following what can only be described as a regulatory war of
attrition over the past six years and more, the forced evolution of
CLO structures, as numerous tedious regulatory initiatives have
been imposed, has brought ever mounting responsibility for
directors in the new era of CLO 3.0.
With no slowdown in the relentless pace of regulatory change,
traditionally more passive CLO directors have now effectively
become regulatory gatekeepers, requiring an immense level of
in-depth knowledge to ensure compliance, as well as increased time
commitment and greater experience, to handle the numerous issues
that continue to arise throughout the life of a CLO
transaction.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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