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PSC register—impact on lenders

PSC register—impact on lenders
Published on: 26 May 2016
Published by: LexisPSL
  • PSC register—impact on lenders
  • Background
  • What impact is the PSC register regime likely to have on existing loan documentation?
  • What additional steps do you envisage lenders and their advisers having to take when carrying out due diligence prior to entering into any new loan transactions?
  • What changes do you expect the PSC register regime will bring to future standard form loan and security documents and other condition precedent documentation?
  • What are the risks of the terms of loan documentation leading to the lender being a PSC themselves?
  • Will security taken by a lender (particularly any share charge) lead to the lender being considered a PSC?

Article summary

Banking & Finance analysis: New rules on keeping a register of persons with significant control (PSC) came into force on 6 April 2016. Joanna Belmonte, senior associate and professional support lawyer in the banking and finance team at Gateley Plc, considers its potential impact upon lenders. or take a trial to read the full analysis.

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