Asset-Backed Securities Regulation - Comment Letter - Americans for Financial Reform - November 15, 2010
|Final Rule Issue||Effective Date||Compliance Date|
|January 25, 2011||March 28, 2011||December 31, 2011|
Issuer Review of Assets in Offerings of Asset-Backed Securities
November 15, 2010
Americans for Financial Reform encourages the SEC's enforcement of strict and appropriate standards for issuer review of assets in asset-back security transactions. In this way, the Commission will be able to discover law violations and inaccurate disclosures in a timely manner. These rules must also apply to both public and private offerings.