Late Wednesday, SEC Chairman Jay Clayton announced that the SEC is seeking feedback on whether the Commission’s 2014 ABS rules are a significant contributing factor to the absence of SEC-registered RMBS offerings. The announcement from the SEC notes that public input from investors, issuers and other market participants is welcome. Importantly, the notice states that any proposed revisions should ensure appropriate investor protection, including access to information material to an investment decision. 

In particular, the SEC is seeking feedback on RMBS asset-level disclosure requirements, including general questions about the state of the market and feedback on existing disclosure requirements. For a full list of questions and topics on which the SEC seeks feedback, please click here. SFA will convene our Reg AB II Task Force shortly to start developing our responses to the SEC – please contact [email protected] to join the discussion. 

Additionally, on Monday, November 4^th SEC Commissioner Hester Pierce will be one of our featured one-on-one Fireside Chat speakers at SFA’s RMBS Symposium.Registration for SFA’s RMBS Symposium is still open, but closes today. We look forward to seeing you there for two days of high-level interaction with policymakers, regulators, and industry leaders. 

Read more via SEC.gov.