Considerations required by Issuers to manage risks related to the cessation of LIBOR/IBOR benchmarks.
LIBOR Trade Association Working Party meeting minutes – 9 October 2018
Minutes of the meeting held on 9 October 2018.
LIBOR Trade Association Working Party meeting minutes – 10 September 2018
Minutes of meeting held on 10 September 2018.
ICMSA Bulletin 180829/43: Treatment of ‘Confidential Securities’ – unlisted or listed – issued in the ICSDs
This bulletin updates BULLETIN 071120/04 : ICMSA Guidelines for the Issuance of Confidential Securities within the ICSDs.
ICMSA Response: Letter to EU Commission re Directive 2018/0063 (COD)
A letter from the ICMSA to the Directorate-General for Financial Stability, Financial Services and Capital Markets Union at the European Commission.
ICMSA Bulletin 180305/42: Guidelines for securities subject to US Tax Section 871(m)
This bulletin has been produced by the ICMSA Global Tax Sub-Committee to provide guidance relating to the 871(m) regulation.
The U.S. Internal Revenue Service (IRS) issued Final and Temporary Regulations on Dividend Equivalent Payments from U.S. sources on 19 January 2017. The purpose of the document is to provide guidance for:
- The acceptance of section 871(m) securities issued and held through the ICSDs.
- The reporting of section 871(m) DEPs (dividend equivalent payments) for the Form 1042-S reporting.
- The reporting of inventory of unsold positions deemed non-reportable by the issuer for the purposes of Form 1042-S reporting.