Today, the SEC announced that it is re-opening the comment period on Regulation AB II to solicit further public comment on an approach to disseminate potentially sensitive asset-level data. That approach is discussed in a February 25, 2014 staff memorandum. Copies of the SEC announcement and the related staff memorandum are available through the following links:

The SEC indicates that it is taking this action in response to comment letters received recommending that, because of the potentially sensitive nature of certain asset-level data, the asset-level data be provided by a means other than public dissemination on EDGAR. Some commenters suggested that information that may raise individual privacy concerns could be provided to investors through a limited-access Web site rather than through EDGAR.

The staff memorandum summarizes additional information about the use of Web sites in the ABS market as a means to disseminate asset-level and other offering information and describes one potential method to address privacy concerns. This method would require issuers to make asset-level information available to investors and potential investors through a Web site that would allow issuers to restrict access to information as necessary to address privacy concerns. The SEC is considering this method and, therefore, is re-opening the comment period for thirty (30) days to allow comment on all aspects of the approach. The comment deadline is March 28, 2014. 

We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Privacy Policy. By using this website you agree to our use of cookies.