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U.S. Regulatory Update – Credit Risk Retention for CLOs
On August 28, 2013, six federal agencies, including the Board of Governors of the Federal Reserve System, the U.S. Securities and Exchange Commission, and the Federal Deposit Insurance Corporation, issued a re-proposed rule to implement the credit risk retention requirements of Section 15G of the Securities Exchange Act of 1934, as added by Section 941 of the Dodd-Frank Act.
Blank Rome LLP


