SEC ‘Telephone’ Guidance Clears Up Thorny Reg. AB Servicing Issues, Focus Shifts to Counterparties
August 11, 2006
In what has become the securitization market’s version of the never-ending story, the Securities and Exchange Commission has cleared up some lingering issues related to its complex Regulation AB disclosure scheme. But the clarity on some thorny issues has cleared the plate for the industry to ask for more guidance on other topics. Issued in December of 2004, Reg. AB created a complex new disclosure regime for securitization sponsors...