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ICMSA Bulletin – with respect to publication of consensus interpretation of the status of corporate trustees to structured finance transactions governed by English law under the "Trustee" definition in the Volcker Rule

In response to members' concerns about whether certain powers of a corporate trustee in a typical English law structured finance transaction comply with the Volcker Rule, at the request of the ICMSA, a number of international law firms released a statement setting out their consensus as to the interpretation of those provisions.

The consensus statement is available here Consensus Statement

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