SEC Requests Feedback on Rules Related to Residential Mortgage-Backed and Asset-Backed Securities

The SEC has issued a concept release to request feedback on potential enhancements to its rules for residential mortgage-backed and asset-backed securities. Specifically, the Commission is trying to assess “whether to amend the asset-level disclosure requirements for residential mortgage-backed securities in Item 1125 of Regulation AB and whether to revise generally the definition of ‘asset-backed security’ and/or other definitions in Item 1101 of Regulation AB.” The SEC is hoping that the information it gathers will help “expand issuer and investor access to the registered asset-backed securities markets and facilitate enhanced capital formation and liquidity while maintaining appropriate investor protections.”

For more information, see the press release — as well as the statements by SEC Chairman Paul Atkins and SEC Commissioners Hester Peirce, Caroline Crenshaw, and Mark Uyeda — on the SEC’s Web site.