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LEGAL AND REGULATORY COMMITTEE

Issues

EHYA Welcomes the Irish FSA's Decision to Accommodate European High Yield Structures in Allowing Consolidated Accounts for Subsidiary Guarantors.

The European High Yield Association (EHYA) today applauded the Irish Financial Services Regulatory Authority's (IFSRA) decision to consider requests under Article 8 of the EU Prospectus Directive, on a case-by-case basis, to permit the presentation of consolidated company accounts for high yield bond issuers with multiple subsidiary guarantors.

Irish Stock Exchange Practice Note to Listing Agents on Subsidiary Guarantors

Mission Statement

The Legal and Regulatory Committee will identify and analyse regulatory issues which affect European high yield offerings commencing with the EU Prospectus Directive requirements for the inclusion of information on guarantors in prospectuses.

Members

Rachel Hatfield, Co-Chair
White & Case

Neal McKnight, Co-Chair
Sullivan & Cromwell

Pierre-Marie Boury
Cleary Gottlieb Steen & Hamilton

James Cole
Weil, Gotshal & Manges

Jeanette Cruz
Milbank, Tweed, Hadley & McCloy

Richard East
Kirkland & Ellis

Richard Ely
Skadden, Arps, Slate, Meagher & Flom

Adam Farlow
Allen & Overy

Donald Guiney
Freshfields Bruckhaus Deringer

Adam Kupitz
Allen & Overy

Bradley Kurkowski
White & Case

Jeffrey Lawlis
Latham & Watkins

Lene Malthasen
Latham & Watkins

Robert McBride
Fried, Frank, Harris, Shriver & Jacobson

Cecil Quillen III
Linklaters

Tom Quinn
PricewaterhouseCoopers

Peter Schwartz
Weil, Gotshal & Manges

Christopher Smith
Slaughter and May

Emilia Spitz
JPMorgan Securities Ltd