75 FR 64182
Issuer Review of Assets in Offerings of Asset-Backed Securities
Overview
We are adopting new requirements in order to implement Section 945 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the "Act'). We are adopting a new rule under the Securities Act of 1933 to require any issuer registering the offer and sale of an asset-backed security ("ABS') to perform a review of the assets underlying the ABS. We also are adopting amendments to Item 1111 of Regulation AB that would require an ABS issuer to disclose the nature of its review of the assets and the findings and conclusions of the issuer's review of the assets.
Prior Actions
Last Reviewed or Updated: April 7, 2023
Resources
Details
March 28, 2011
76 FR 4231