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Re: BBANBOB post# 475931

Friday, 04/07/2017 11:42:19 AM

Friday, April 07, 2017 11:42:19 AM

Post# of 730651
Yes I agree, if the LT comes into possession of returned assets and are in the process of liquidating it themselves, it must be reported.

This is my understanding of LBA, where reporting of net assets in liquidation or a change of net assets in liquidation must be completed for compliance.

If indeed the liquidation is being carried out by external parties, then, IMO, no reporting would be necessary.

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