CLOs Under the Volcker Rule: New Exemptions, New Issues, New Obligations

December 16, 2013

Under the final version of the Volcker Rule issued this week, issuers and sponsors of new CLO issuances should consider structuring CLOs to conform to the exclusions contained in the rule, and banks and bank affiliates that own tranches in existing CLOs will need to evaluate whether those CLOs conform with the exclusions contained in the rule and, if not, whether they need to amend the CLO documents, divest those interests by July 2015 or seek interpretive guidance.

Read "CLOs Under the Volcker Rule: New Exemptions, New Issues, New Obligations."