Modifications etc. to legislation - GMSLA Provision

From The Jolly Contrarian
Jump to navigation Jump to search
GMSLA Anatomy


In a Nutshell Clause 2.6:

2.6 Modifications etc. to legislation
Any reference in this Agreement to legislation or regulation is to the relevant instrument as updated and in force for the time being.
view template

2010 GMSLA full text of Clause 2.6:

2.6 Modifications etc. to legislation
Any reference in this Agreement to an act, regulation or other legislation shall include a reference to any statutory modification or re enactment thereof for the time being in force.
view template

2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code | GMSLA Netting
Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table
From Our Friends On The Internet: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers

Navigation
2010 GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · Schedule · Agency Annex · Addendum for Pooled Principal Agency Loans

2018 Pledge GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · 28 · Schedule · Agency Annex

Stock lending agreement comparison: Includes navigation for the 2000 GMSLA and the 1995 OSLA

Index: Click to expand:
GMSLA
OSLA

Get in touch
Comments? Questions? Suggestions? Requests? Insults? We’d love to hear from you.
Sign up for our newsletter


Before you say, “well duh, yeah, of course it does. I mean honestly —”, have a conversation with an ERISA lawyer, because it is exactly this fear — that reference to a statute might be to that statute at some point in the past, and not as it stands at today’s date — that confounds the industry’s heartfelt wish to apply close out netting to US pension plans.

Look: I’m not saying you’re wrong in your reaction — plainly, you’re not — but still it is always interesting to be confronted with the nonsensical paranoid fears that haunt teh waking moments of well-paid financial markets specialists, all the same.