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The Legal Steering Group looks more broadly at the implications of political, regulatory and technological change on our market structure, and how those changes may require alterations to our core Global Master Securities Lending Master Agreement (GMSLA).
The LSG Opinions Subgroup reviews the existing opinions gathering services offered by ISLA to ISLA members, including:
The LSG Documentation Subgroup reviews and provides guidance to ISLA and the ISLA Board on the contractual enhancements or supplements that can be made to industry standard documentation to reflect and support the current securities lending landscape, including:
In this section, you will find all outputs produced by the group, including working groups meeting minutes.
Please note, member firms can apply to join the group however regular attendance and active participation in relevant meetings is a prerequisite. Visit the Working Groups page for all current working groups, and the Events section for all upcoming working group meetings.
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27 May 2020
ISLA Publishes Revised 2020 US Tax Addendum to GMSLA
ISLA has now published the revised 2020 US Tax Addendum to the GMSLA 2010, along with supporting guidance notes. The new addendum pr...Read more
1 May 2020
ISLA Publish Bankruptcy Remoteness Opinions to Support the GMSLA Security Interest over Collateral Agreement
ISLA is delighted to announce the release of four additional bankruptcy remoteness opinions to support the Global Master Securities Len...Read more
16 April 2020
ISLA Publish 2020 Legal Opinions for the GMSLA
The International Securities Lending Association (ISLA) has today published the 2020 updates to the opinions that support the Global Ma...Read more
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