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Results 1 to 5 of 36



Jumpstart Our Business Startups Act eases restrictions on Rule 144A and private offerings – ABS considerations

USA - April 5 2012 President Obama signed the Jumpstart Our Business Startups Act (the "Act") into law earlier today. 

Co-authors: Dora Mao , Boris Volodarsky.


ABS issuers and the Rule 3a-7 exclusion from the Investment Company Act

USA - September 19 2011 On August 31, the SEC issued an advance notice of proposed rulemaking (the “ANPR”) on possible amendments to Rule 3a-7 of the Investment Company Act of 1940 (the “Act”).

Co-authors: Mark M. Racic .


Mortgage REITs and the Investment Company Act 3(c)(5)(c) exclusion

USA - September 9 2011 On August 31, 2011, the SEC issued a Concept Release announcing that the Commission and its staff are reviewing interpretive issues and seeking public comment on interpretations related to Section 3(c)(5)(C) of the Investment Company Act of 1940 (the “Act”) and its use by REITs in acquiring mortgages and mortgage-related instruments.

Co-authors: Mark M. Racic .


FDIC final rule for “safe harbor” protection for securitizations

USA - October 18 2010 On September 27, the Board of Directors of the FDIC approved a Final Rule (the "Final Rule") that governs the rights of the FDIC, as conservator or receiver of a failed insured depository institution (a "Bank"), over financial assets previously transferred by such Bank in connection with a securitization or participation transaction.

Co-authors: Thomas C. Mitchell , Kara Fay Moskowitz, Mark M. Racic , Robert B. Moyle.


Fed neighborhood stabilization summit

USA - August 27 2010 On August 26, the Fed announced plans to sponsor a national summit on September 1 and 2 to discuss methods and resources for encouraging neighborhood stabilization in the aftermath of the U.S. home mortgage foreclosure crisis.

Co-authors: Kara Fay Moskowitz, Amie B. Davis, Mark M. Racic , Rhanda K. Moussa , Njoki E. Gatimu .

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