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Home » Store » Taxable » SEC Unanimously Approves Final ABS Disclosure Rule

SEC Unanimously Approves Final ABS Disclosure Rule

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Securitizers of a broad range of asset classes, including subprime mortgages, will have to disclose more information about how their deals are serviced under a final rule approved by the Securities and Exchange Commission last month. “Recent market events involving distressed transactions have highlighted the need for improved disclosures as well as renewed attention on servicing practices,” said the SEC in a mammoth 500-page disclosure rule that will require ABS issuers to divulge more…
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