How does the BL InfoXchange platform deal with Material Non-Public Information (“MNPI”) on its platform?
Prior to joining the platform, all member firms must agree to our Terms of Use. The Terms of Use clearly states that no member firm can discuss MNPI on the BL Update platform. This is for the benefit of all our member firms, many of whom also invest in the securities of leveraged loan borrowers. In addition, each user must certify prior to entering a discussion board whether they have access to public level or private level data. Our discussion boards are then segregated between those two firms.
