20.08.14
ICMSA Bulletin 140820/31: Trustee consent provisions on securitisations
ICMSA has participated in AFME’s formulation of a set of standard provisions based on which a trustee may be required to agree to certain categories of transaction document amendment, removing the need in these cases for the trustee to exercise discretion. By publishing AFME’s pro forma on our website, ICMSA is seeking to endorse a market standard for mandatory trustee consent provisions that may be used on or applied to any securitisation transaction under English law.
Click here to download AFME’s set of standard provisions.