SEC Seeks Comment on '40 Act Treatment of ABS Issuers and Mortgage Pools | Practical Law

SEC Seeks Comment on '40 Act Treatment of ABS Issuers and Mortgage Pools | Practical Law

On August 31, 2011, the SEC requested public comment on the treatment of issuers of asset-backed  securities (ABS) and mortgage-related pools, including certain issuers of mortgage-backed securities (MBS), under Rule 3a-7 and Section 3(c)(5)(C) of the Investment Company Act of 1940.

SEC Seeks Comment on '40 Act Treatment of ABS Issuers and Mortgage Pools

Practical Law Legal Update 5-508-0980 (Approx. 3 pages)

SEC Seeks Comment on '40 Act Treatment of ABS Issuers and Mortgage Pools

by PLC Finance
Published on 06 Sep 2011 • USA (National/Federal)
On August 31, 2011, the SEC requested public comment on the treatment of issuers of asset-backed securities (ABS) and mortgage-related pools, including certain issuers of mortgage-backed securities (MBS), under Rule 3a-7 and Section 3(c)(5)(C) of the Investment Company Act of 1940.