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Email On December 16, 2022, the Board of Governors of the Federal Reserve System (the “Board”) adopted a final rule (the “Final Rule”) to implement the Adjustable Interest Rate (LIBOR) Act (the “LIBOR Act”). The Final Rule follows the Board’s publication of a proposed rule (the “Proposed Rule”) in July 2022 and invitation for public comment. https://www.cadwalader.com/resources/clients-friends-memos/federal-reserve-issues-final-rule-implementing-libor-act