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Home » Store » Taxable » SEC Unanimously Approves Final ABS Disclosure Rule, Compromises on Static Pool Data and Shelf Registration

SEC Unanimously Approves Final ABS Disclosure Rule, Compromises on Static Pool Data and Shelf Registration

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Issuers of asset-backed securities and non-agency MBS will be required to disclose static pool data, but they will be allowed to post it on their Web sites rather than file it with the Securities and Exchange Commission, under a final rule the SEC approved this week. In another change from a proposed rule that generated considerable angst in the industry, issuers that fail to comply with the new disclosure requirements will only lose their…
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