How do sponsors comply with the executive compensation requirements of the TALF?
In order for ABS to be eligible collateral for a TALF loan, the sponsor of the securitization that issues the ABS (or the applicable entity specified in forthcoming TALF certification documents) must be in compliance with the executive compensation requirements of the TALF. The chief executive officer (“CEO”) or other authorized representative of the sponsor or other applicable entity must complete the executive compensation certification form which will be available on the New York Fed’s website and submit it to the New York Fed before the sponsor or entity’s ABS can be offered as eligible collateral.
Related Questions
- Does the definition of "court" include administrative hearing proceedings? Do the same requirements apply to the executive branch agencies responsible for conducting those hearings?
- What executive compensation restrictions will apply to sponsors, underwriters and borrowers under the TALF program?
- How do sponsors comply with the executive compensation requirements of the TALF?
