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Legal Update

SEC Issues Final Rules Regarding Suspension of the Duty of ABS Issuers to File Exchange Act Reports

23 August 2011
Mayer Brown Legal Update
On August 17, 2011, the US Securities and Exchange Commission (the “SEC”) issued final rules (the “Final Rules”)1 regarding the suspension of the duty of issuers of asset-backed securities (ABS) to file reports under the Securities Exchange Act of 1934 (the “Exchange Act Reports”).2 The Final Rules were adopted pursuant to Section 942(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”).3

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