SFA Submits Comment Letter to SEC on Reforming Regulation S-K

On April 1, 2026, the Structured Finance Association (SFA) submitted a comment letter to the Securities and Exchange Commission (SEC) supporting the SEC’s review of Regulation S‑K, echoing Chairman Paul Atkins’s call to modernize disclosure requirements by eliminating immaterial information while preserving disclosures necessary for investors. The letter stated that such reforms align with the SEC’s mission and underscore the importance of securitization in supplying credit across housing, commercial real estate, auto, and consumer lending markets.

Further, the letter cautioned that changes to Regulation S‑K could have unintended consequences for asset‑backed securities issuers. The group urged the SEC to clearly specify whether any proposed amendments would apply to ABS issuers and to consult industry stakeholders if potential impacts arise. While not proposing specific changes itself, SFA welcomes continued engagement as the SEC’s review moves forward.