The Loan Syndications and Trading Association and the Securities Industry and Financial Markets Association have jointly developed a pair of proposals to help collateralized loan obligations comply with the U.S.'s new Foreign Account Tax Compliance (FACTA) tax regulations.

The proposals were contained in a letter addressed to Alasdair Robertson, a partner at law firm Maples who is based in the Cayman Islands. It was written by Erika Nijenhuis , a partner at the law firm Cleary, Gottlieb Steen & Hamilton on behalf of the LSTA and SIFMA.

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