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In an open meeting on April 7, 2010, the Securities and Exchange Commission (SEC) unanimously approved for public comment proposed rules that seek substantially to modify the regulatory framework in place for asset-backed securities (ABS
On July 26, 2011, the U.S. Securities and Exchange Commission (the “Commission”) unanimously approved final rules that remove credit ratings as eligibility criteria for “Short Form” registration statements (e.g., Form S-3 and F-3) and replace such criteria with new eligibility requirements
On July 26, 2011, the U.S. Securities and Exchange Commission (the “Commission”) re-proposed for public comment rules that seek to enhance the disclosure, reporting and shelf eligibility requirements for issuers of asset-backed securities (ABS
