The SEC set an effective date of February 5, 2024 effective date for its final rule prohibiting an asset-backed "securitization participant" from engaging in any transaction that could involve or result in a material conflict of interest.
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The SEC adopted a final rule to prohibit an asset-backed "securitization participant" from engaging in any transaction that could involve or result in a material conflict of interest.
Comments on an SEC proposal prohibiting an asset-backed security "securitization participant" from engaging in any transaction that would involve or result in material conflicts of interest are due by March 27, 2023.
The SEC revised and re-proposed a rulemaking to prohibit an asset-backed "securitization participant" from engaging in any transaction that would involve or result in material conflicts of interest.
The SEC rule amendments codifying an existing exemption available to credit rating agencies concerning conflict of interest disclosure obligations and the ratings of structured finance products were published in the Federal Register.