The form of agreed-upon procedures report provides additional clarity regarding certain TALF-required CLO report requirements.
On September 1, 2020, the Federal Reserve released a form of agreed-upon procedures report (Form AUP Report) specific to the Term Asset-Backed Securities Loan Facility (TALF). The Form AUP Report details the factual matters to be reported to the Federal Reserve by an accounting firm retained by the applicable issuer relating to the TALF eligibility criteria for leveraged loans. The Federal Reserve also released updated and expanded FAQs to provide additional information regarding the TALF program’s operations.
Please see full publication below for more information.
