The Bank of England issued a market notice indicating that it plans to move ahead with new disclosure requirements, according to a Reuters report.

The transaction summaries will list all the key features of the offering, such as issues relating to deal structure, asset characteristics, cash flows, credit enhancement and liquidity support features, noteholder voting rights, as well as the relationship between noteholders and other secured creditors in a deal. It should also include the triggers within the transaction and the consequences of these being breached.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.