RT Journal Article
SR Electronic
T1 Benefits of Regulation AB II for the Investor
JF The Journal of Structured Finance
FD Institutional Investor Journals
SP 56
OP 61
DO 10.3905/jsf.2015.21.3.056
VO 21
IS 3
A1 Hans Godfrey
A1 Chandra Mohan
A1 Tejpal Singh
YR 2015
UL https://pm-research.com/content/21/3/56.abstract
AB On August 27, 2014, the U.S. Securities and Exchange Commission (SEC) voted to adopt Regulation AB II, creating rules regarding the registration, disclosure, and reporting of publicly issued asset-backed securities (ABS). This regulation updates Regulation AB, previously adopted by the SEC on December 22, 2004, and provides specific reforms to improve the quality and transparency of public issuance. With the exception of rules related to asset-level disclosure, issuers must comply with the regulation’s new rules by November 23, 2015. Compliance with asset-level disclosure must occur by November 23, 2016, for certain asset-backed securities, including residential and commercial mortgages, auto loans and leases, debt securities, and ABS resecuritizations. This article focuses on the regulation’s benefits for the investor and data collection, calculation, and presentation requirements for the issuer.TOPICS: Asset-backed securities (ABS), legal/regulatory/public policy