Market regulation · 26/01/2011

New Dodd-Frank Rules Require Disclosure of Asset-Backed Securities Representations and Warranties

The Securities and Exchange Commission is adopting new rules under Section 943 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which require securitizers of asset-backed securities to disclose fulfilled and unfulfilled repurchase requests, and nationally recognized statistical rating organizations to include information regarding representations, warranties, and enforcement mechanisms available to investors in an asset-backed securities offering.