Final Rule
Prohibition Against Conflicts of Interest in Certain Securitizations
Overview
The Securities and Exchange Commission (“SEC” or “Commission”) is adopting a rule to implement Section 621 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank Act”) prohibiting an underwriter, placement agent, initial purchaser, or sponsor of an asset-backed security (including a synthetic asset-backed security), or certain affiliates or subsidiaries of any such entity, from engaging in any transaction that would involve or result in certain material conflicts of interest.
Prior Actions
Proposed Rule (33-11151)
Release Number
33-11151
SEC Issue Date
Jan. 25, 2023
Federal Register Publish Date
Feb. 14, 2023
Document Citation
88 FR 9678
RIN
3235-AL04
Resources
Details
File Number
S7-01-23
Rule Type
Final
Release Number
33-11254
SEC Issue Date
Nov. 27, 2023
Effective Date
February 5, 2024
Compliance Date
See Section II.I.
Federal Register Publish Date
Dec. 7, 2023
Public Comments