The US Securities and Exchange Commission has issued proposed Securities Act Rule 127B prohibiting certain conflicts of interest in securitization transactions. Rule 127B applies to both public and private offerings of asset-backed securities, including synthetic asset-backed securities. Unless the adopting release provides otherwise, Rule 127B will become effective upon the issuance of the final rule. Please join Carol Hitselberger and Chris Horn in a review of the proposed rule and a discussion of its potential impact including:
- General Definitions and Scope of the Securities Act Rule 127B
- Legal Issues and Considerations
- Impact of the Rule on the Securitization Market
Of Related Interest
SEC Proposes Conflict-of-Interest Rule for Asset-Backed Securities
Mayer Brown's Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm's global resources from multiple practices and offices, the Initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.