On August 27, 2014, the US Securities and Exchange Commission adopted final rules amending Regulation AB (“Final Reg AB II”).  Final Reg AB II sets forth new requirements for registered ABS transactions completed after its implementation dates. The five most significant requirements relate to the following: (1) the definition of an “asset-backed security”; (2) eligibility conditions for shelf registration; (3) timing and other changes related to filing requirements; (4) asset-level data disclosure and related privacy issues; and (5) other prospectus disclosure requirements. Final Reg AB II includes many changes that will affect the marketing process for registered transactions, the deal terms, disclosure requirements, registration process and periodic reporting requirements but does not govern ABS securities issued pursuant to an exemption from registration.

Please join Mayer Brown partners Amanda Baker (New York), Eric Reilly (Charlotte) and Jan Stewart (Chicago) as they discuss the latest regulatory developments.

For additional information, please contact GFMI@mayerbrown.com.