On August 31, the SEC issued an advance notice of proposed rulemaking on possible amendments to Rule 3a-7 of the Investment Company Act relating to the treatment of ABS issuers.  The SEC also issued a concept release seeking comment on interpretations of Section 3(c)(5)(C) of the Investment Company Act that is used by some companies (such as REITs) in connection with the acquisition of mortgages and mortgage-related instruments.  Comments on both the ANPR and the concept release must be submitted within 60 days after publication in the Federal Register.  SEC Release3a-7 ANPR3(c)(5)(C) Concept Release.