The SEC released guidance for issuers of asset-backed securities (ABS) on changes made to the EDGAR system in response to recently adopted revisions to Regulation AB and Rule 15Ga-2 of the Exchange Act.
Form ABS-15G, with accompanying tables and third-party due diligence reports obtained in accordance with Exchange Act Rule 15Ga-2.
Additional filings impacted by the EDGAR programming changes (i.e., an initial filing for an ABS issuing entity, including a Form ABS-EE).
The guidance covers:
Central Index Key (CIK) creation. The guidance specifically covers when and how a filer may request the creation of ABS issuing entity CIK numbers and access codes.Also covered is what happens after a CIK request is submitted through EDGAR.
Access code generation for issuing entities. The guidance covers whether access codes, including passwords, CIK confirmation codes (CCC), and password modification authorization codes must be generated for the issuing entity.
Modifying issuing entity information post-CIK assignment. The guidance covers the procedures for modifying the issuing entity's company information, passwords, and CCC, as needed.
Form ABS-15G submission. The guidance covers Form ABS-15G submission through EDGAR, and what happens after a Form ABS 15-G has been submitted.It also covers how unregistered entities can submit Form ABS-15G under Rule 15Ga-2, and what happens after submission.
424H prospectus submission. The guidance covers how an ABS filer can submit a 424H prospectus through EDGAR (including steps to take if the 424H prospectus is the first filing made by the issuing entity).
Other filings. The guidance covers how an issuing entity can make other initial filings, including the submission of an Item 6.01 Form 8-K (ABS Informational and Computational Material), a Form 8-A Registration Statement, a Form FWP (free writing prospectus), and a Form ABS-EE.
The guidance also includes an Appendix with screenshots of the different submission pages, including: