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NYDFS provides additional time on LIBOR transition plans

January 31, 2020

On January 27, NYDFS announced an update to its industry letter, previously covered by a Buckley Special Alert, pushing back the response deadline. Regulated entities will now have until March 23 (45 additional days) to deliver their transition plans. According to the updated request, the deadline was extended after NYDFS received a number of requests to add additional time to respond.