Market regulation · 12/01/2011

SEC Proposes Rule Change to Allow Suspension of Reporting Obligations for Asset-Backed Securities

The Securities and Exchange Commission (SEC) is proposing a rule change that would allow asset-backed securities issuers to suspend their reporting obligations under the Securities Exchange Act of 1934 when there are no longer any asset-backed securities of the class sold in a registered transaction held by non-affiliates of the depositor.