SEC Final Rule: Suspension of the Duty to File Reports for Classes of Asset-Backed Securities Under Section 15(d) of the Securities Exchange Act of 1934
|Comment Deadline||Final Rule Issue||Effective Date|
|February 7, 2011||August 23, 2011||September 22, 2011|
On August 17, 2011, the Securities and Exchange Commission (SEC) passed final rules concerning the suspension of the duty to file reports for classes of asset-backed securities (ABS) under Section 15(d) of the Securities Exchange Act of 1934 under the Dodd-Frank Act.
From the release:
"We are adopting rules to provide certain thresholds for suspension of the reporting obligations for asset-backed securities issuers. We are also amending our rules relating to the Exchange Act reporting obligations of asset-backed securities issuers in light of these statutory changes."