SEC Finalizing Rules for Reg. AB II
In a meeting held August 27, 2014, the SEC unanimously approved a set of final rules which will change the reporting requirements and offering process of publicly issued, asset-backed securities. Regulation AB II, in its initial stages four years ago, is undergoing finalization. Issuance-related requirements will be effective one year following publication in the Federal Register; disclosure-related requirements will be enforced two years following final publication. [8/29/14]
