ABS Market Braces for SEC Codified Rules Proposal, Disclosure Practices ‘Poised to Change for the Better’
April 30, 2004
The Securities and Exchange Commission this week approved a long-awaited regulatory proposal to codify existing disclosure and reporting practices for asset-backed and mortgage-backed securities in light of new market offerings and technologies. The five-member commission headed by SEC Chairman William Donaldson approved a package of rule proposals from the agency’s Division of Corporate Finance that are designed to improve