On August 28, 2013, the SEC, FDIC, Federal Reserve, OCC, FHFA and HUD (the Joint Regulators) issued a second notice of proposed rule making (the Re Proposed Rule) in connection with the requirement under Section 941 of the Dodd-Frank Act.
The Joint Regulators prepared the Re-Proposed Rule in response to extensive comments received on the risk retention regulation that they initially proposed in April 2011 (the Original Proposed Rule).
Comments on the Re-Proposed Rule are due on October 30, 2013.