The SEC released the final Securities Act Rule 192 relating to conflicts of interest in asset-backed securities transactions on November 27, 2023. In this OnPoint, we summarize the provisions of the final Rule 192 and...more
12/7/2023
/ Asset-Backed Securities ,
CMBS ,
Conflicts of Interest ,
Fannie Mae ,
FHFA ,
Final Rules ,
Freddie Mac ,
Investors ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Sponsors
On October 30, 2023, after continued pressure from legislators and industry participants—and a recent lawsuit—the SEC issued an order providing relief for fixed-income securities sold pursuant to Rule 144A from the public...more
In 2021, the staff (the “Staff”) of the Securities and Exchange Commission (the “SEC”) surprised the industry when it issued an interpretation stating that fixed income securities (including asset-backed securities) fall...more
12/2/2022
/ American Bar Association (ABA) ,
Asset-Backed Securities ,
Broker-Dealer ,
Compliance ,
Credit Enhancements ,
CREFC ,
Institutional Investors ,
No-Action Requests ,
Rule 144A ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
SIFMA