ARTICLE · 15 OCTOBER 2013

Mandatory Costs

DMH Stallard LLP

Contributor

DMH Stallard LLP

DMH Stallard LLP

DMH Stallard delivers successful outcomes for businesses and individuals by providing tailored...

View firm profile

Explore more from DMH Stallard LLP

In March 2013 the Loan Market Association (LMA) announced to its members that it would no longer be publishing revised forms of its Mandatory Costs Schedule to take account of changes to the UK regulatory fee structure and on 1 April 2013 the recommended form of that schedule was withdrawn from its website.

United KingdomFinance and Banking

In March 2013 the Loan Market Association (LMA) announced to its members that it would no longer be publishing revised forms of its Mandatory Costs Schedule to take account of changes to the UK regulatory fee structure and on 1 April 2013 the recommended form of that schedule was withdrawn from its website. Apparently agent banks had been finding that the calculation of Mandatory Costs under the LMA's formula was becoming increasingly complex given the broad mix of lenders in syndicates.

Provisions in financing agreements usually allow for the parties to agree to changes in the calculation of Mandatory Costs so existing agreements can be dealt with as necessary between the parties to them.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

The Rise Of Private Capital: Capital Solutions And The New Architecture Of Credit

United KingdomFinance and Banking

Robust Manufacturing PMI To Boost USD?

GlobalFinance and Banking

Capital Backed Investments For Pension Schemes – A Summary Of Key Benefits For Schemes And Employers

United KingdomFinance and Banking

Burges Salmon LLP

Ahead Of The Curve: Transformational Change For The UK Payments Sector?

United KingdomFinance and Banking

UK Regulators Publish Tokenisation Feedback Statement And Call For Input

United KingdomFinance and Banking

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Finance and Banking
- Debt Capital Markets

Related Comparative Guides

Comparative Guide

Acquisition Finance

Comparative Guide

Project Finance

Comparative Guide

Banking & Finance

Comparative Guide

Securitisation

See more popular content from

Finance and BankingDMH Stallard LLP

FCA Finalises Cryptoasset Perimeter Guidance Ahead Of The New UK Regime

The Financial Conduct Authority has released comprehensive perimeter guidance for the UK's new regulated cryptoasset activities regime, clarifying when firms will need authorization and how the regulatory framework applies to qualifying cryptoassets and stablecoins. The guidance addresses critical questions about scope, territorial application, and the narrower "by way of business" test that determines which entities fall under the new regulatory requirements.

United KingdomFinance and Banking

The Future Of Islamic Finance: Insights From IFN UK Forum 2026

Islamic finance is experiencing rapid global expansion, with assets approaching US$6tn and record sukuk issuance attracting non-traditional investors. The convergence of Shariah-compliant and sustainable investing is creating new opportunities, while AAOIFI Standard No. 62 and tokenisation developments are reshaping how Islamic finance structures are designed and implemented across international markets.

United KingdomFinance and Banking

Investment Management Update - September 2026

The Financial Conduct Authority has released a comprehensive package of regulatory updates and findings covering investment management, wealth management, and consumer protection. Key developments include reforms to MiFID costs and charges disclosures, remuneration code changes, AIFM regime overhauls, and detailed reviews of firms' Consumer Duty compliance, financial crime controls, and governance frameworks.

United KingdomFinance and Banking

Macfarlanes LLP

A Review Of Recent Developments And Trends In FCA Enforcement

In July 2017, the FCA published its Enforcement annual performance account for 2016/17.

United KingdomFinance and Banking

New AIM Rules (August 2026)

The London Stock Exchange has implemented sweeping reforms to the AIM Rules, fundamentally reshaping admission requirements, transaction thresholds, and governance obligations for companies on the Alternative Investment Market. These changes eliminate longstanding requirements like working capital statements and corporate governance codes while introducing new features such as capital access windows and special voting shares, marking the most significant overhaul of AIM regulations in recent years.

United KingdomFinance and Banking

Modernising UK Payments: HM Treasury’s Proposed Overhaul Of The Payment Services Regime

On 14 July 2026, HM Treasury published its long-awaited consultation on modernising the UK’s payment services and electronic money regulatory framework. The consultation is part of the Government’s National Payments Vision agenda, which aims to ensure that the UK has a trusted, world-leading payments ecosystem delivered on next generation technology, while preserving choice for consumers and businesses.

United KingdomFinance and Banking

Nearly Out Of PERG-atory – But Not Quite Yet: Good News As The FCA Finalises PERG 18 On Cryptoassets, But With Even More Legal Changes To Come

Cryptoasset firms face a rapidly evolving regulatory landscape as the FCA's authorisation gateway opens on 30 September 2026. With the Financial Services and Markets Act 2000 (Cryptoassets) (Miscellaneous Amendments) Regulations 2026 laid before Parliament and the FCA's finalised PERG 18 guidance published within 24 hours, firms must navigate significant perimeter changes including new stablecoin payment exclusions.

United KingdomFinance and Banking

Travers Smith LLP

Digital Banks Lead The Challenge Against Retail Banking Giants

Challenger banks have achieved a great deal of success since they burst on the scene in a big way a decade or so ago to vie with traditional retail banks for a share of the market.

United KingdomFinance and Banking

Ankura Consulting Group LLC

SFDR 2.0 – European Parliament Negotiating Position: The Stage Is Set For Trilogue

The European Parliament has published its negotiating position on SFDR 2.0, setting the stage for trilogue negotiations between the Commission, Parliament and Council. With the asset management industry hoping for relief from the complexities of SFDR 1.0, the Parliament's proposals claim to simplify the regime while maintaining credibility of sustainability-related investments.

United KingdomFinance and Banking

Travers Smith LLP

Financial Regulation Weekly Bulletin - 10 September 2026

This weekly bulletin examines critical developments in UK financial regulation, including the FCA's findings on systemic operational resilience from its Defence, Security, and Resilience Lab exercise, the government's comprehensive consultation on modernising corporate reporting frameworks, and progress on the Financial Services and Markets Bill through Parliament. The bulletin also covers international regulatory updates on cyber resilience for financial market infrastructures, sustainable finance disclosu

United KingdomFinance and Banking

Slaughter and May

The EU’s New AI Transparency Rules: What You Need To Know

The European Commission has published its Code of Practice on marking and labelling AI-generated content, helping businesses to meet new transparency duties under the EU AI Act.

European UnionTechnology

DMH Stallard LLP

New Subscription Rules Are Coming: Is Your Business Ready?

Businesses and consumers have grown to love subscription models, though their reasons may differ. While these models offer convenience, they can be complicated and difficult to exit. This may lead to consumers paying for services they no longer want or use. The government is addressing this through the Digital Markets, Competition and Consumers Act 2024. The new rules are expected to come into force in January 2027.

United KingdomCorporate/Commercial Law

DMH Stallard LLP

Data Protection Update: Are You Ready For Data Complaints?

The Data (Use and Access) Act 2025 (DUAA) introduces an important new compliance duty for businesses. From 19 June 2026, all organisations must have a clear and accessible process for handling data protection complaints.

United KingdomPrivacy

DMH Stallard LLP

Should You Buy Their Digs?

A discussion on what to look for when buying a student property.

United KingdomReal Estate and Construction

DMH Stallard LLP

AIM Reforms Create A Simpler Route To London For Australian Resources Companies

The London Stock Exchange’s August 2026 reforms to the AIM Rules could make AIM materially more attractive to Australian mining and resources companies, particularly established ASX-listed issuers considering a secondary London quotation.

United KingdomCorporate/Commercial Law

DMH Stallard LLP

Employers Face Difficult Decisions About Pay When Employees Returning From Spain Are Forced To Quarantine

The sudden change to the Spanish air bridge at the weekend has left hundreds of thousands of British holidaymakers unexpectedly having to quarantine for 14 days on return from their holiday.

SpainEmployment and HR

DMH Stallard LLP

Covid Contracts And Solvency Issues - What You Need To Know (Video)

A look at Government Guidance on dealing with contractual obligations. Our recommendations for safely navigating contract disputes.

United KingdomCoronavirus (COVID-19)

DMH Stallard LLP

HM Treasury's Statement On Intergovernmental Approach To FATCA

On 8 February 2012, HM Treasury announced that it had agreed on a government-to-government approach to improving international tax compliance and implementing the US Foreign Account Tax Compliance Act (FATCA), an act designed to tackle cross-border tax evasion.

United KingdomTax

DMH Stallard LLP

AI In Dispute Resolution: The SME Wake-Up Call

Artificial intelligence is reshaping how commercial disputes are conducted, how much they cost, and how fast they develop. If you run a small and medium-sized enterprise, this is no longer a matter to leave solely with your lawyers when disputes land on your desk. Dispute resolution must become part of your core business strategy – starting now.

United KingdomTechnology

DMH Stallard LLP

Challenging Lifetime Gifts And Lasting Powers Of Attorney (Video)

Lifetime gifts, given during the giver's lifetime, can avoid inheritance tax if the giver survives seven years. However, misuse of Lasting Powers of Attorney (LPAs) can lead to disputes or financial abuse. Challenges to gifts or LPAs may arise from capacity issues, undue influence, or mismanagement. Legal advice is crucial if concerns about an LPA's use or a lifetime gift's validity arise.

United KingdomFamily and Matrimonial

DMH Stallard LLP