The Loan Market Association (LMA) guidance note on the Register of Overseas Entities (ROE) has been amended to reflect changes introduced under the Economic Crime and Corporate Transparency Act 2023 (ECCTA) and subsequent regulations effective in 2024 and 2025. The latest version of the guidance note integrates the new ECCTA provisions and clarifies compliance requirements for overseas entities that own or acquire UK property. The focus is on enhanced ROE transparency, verification, and annual reporting obligations. The LMA has confirmed that existing real estate finance documentation remains broadly compliant, with optional refinements for risk mitigation.

Lloyd's Market Association (LMA) has published clarification how the Lloyd's of London mandate concerning transparency in cyber coverage can be satisfied for follow excess layer and facultative reinsurance policies.

The Loan Market Association (LMA) has released its draft provisions for green loans, consisting of a suggested form of provisions for incorporating into LMA loan documentation, which are aligned with the LMA's Green Loan Principles and accompanying guidance notes. These provisions aim to reflect current market practice, and serve as an integral resource towards safeguarding the essence of the green loan market by providing a basic drafting framework to aid parties in the negotiation of the document. This document is available on the LMA's website to members only.

The Loan Market Association (LMA) has published two new documents—a duty of care agreement and subordination agreement—to speed up negotiation times for these key documents, which are commonly used as part of real estate finance transactions. This is part of the LMA's ongoing work to improve efficiency in the syndicated loan market. The updated documentation is available to LMA members on the LMA website.

The Lloyd's Market Association (LMA) has published a model Financial Interest Clause (with two additional variations for paragraph 4) and an Explanatory Note. The LMA retained Clyde & Co to advise on this project and a briefing event is currently being arranged.

The Loan Market Association (LMA) has published a guidance note and optional riders on the EU rules enacted under the Directive on Administrative Co-operation (DAC6) which ‘requires intermediaries including lenders to report to tax authorities certain information about cross-border arrangements that exhibit one or more specified characteristics referred to as “hallmarks”’.

The Loan Market Association (LMA) has published a guidance note on the non-performing loan (NPL) Directive, as well as several template notices required under Articles 10(2), 15(2), 18(1) and 20(1) which can be altered by sellers and buyers to help them satisfy the Directive’s disclosure and reporting requirements. Both the guidance note and the templates were produced in consultation with a working group of sellside banks and buyside investors in the market. The updated documentation is available to LMA members only on the LMA website.

The Loan Market Association (LMA), in collaboration with Clifford Chance LLP, has published explanatory guidance on force majeure, material adverse effect, material adverse change, as well as market flex and market disruption provisions applicable to Middle East finance markets. The publication considers how English law finance documents, particularly those based on LMA templates commonly used in Middle East loan markets, operate during periods of heightened external risk and disruption. The guidance examines the contractual mechanisms typically triggered in such circumstances and how these mechanisms allocate risk between borrowers and lenders under facility agreements and mandate letters.

The Loan Market Association (LMA) has published guidance on primary delayed settlement compensation which contains a recommended timeline for key steps in the syndication process, incorporating fault-based delayed settlement compensation. The guidance looks to balance the competing interests of all stakeholders in the syndication process.

In response to ongoing geopolitical developments and the increased use of sanctions regimes, the Loan Market Association (LMA) has published a guidance note addressing issues that may arise where a lender becomes sanctioned during the life of a syndicated loan transaction in developing markets. The guidance has been prepared following discussions within the LMA’s Developing Markets, Export Finance and Commodities Finance Working Parties.

The Loan Market Association (LMA) has released its final green loan terms, following the draft provisions issued on 7 November 2024. These green loan terms seek to provide transparency and standardisation in structuring and bargaining green loans and ensuring compliance with identifiable industry benchmarks. This document is available on the LMA's website to members only.

The Lloyd’s Market Association (LMA) has published model state-backed Cyber War Exclusion Clauses for Cyber Treaty Reinsurance. The model clauses can be amended according to underlying coverages.