Public deals could go private to escape Reg AB II rules

By Will Caiger-Smith
27 Aug 2014

Issuers of securitized debt could be encouraged to sell their deals as private placements rather than public transactions, in order to avoid onerous collateral disclosure and execution rules approved by the US Securities and Exchange Commission on Wednesday.

The Reg AB II rules will force issuers of SEC-registered securitizations backed by residential and commercial mortgages and auto loans and leases to divulge more information about the underlying collateral and give investors more time to examine deals before they are sold.

The SEC stated in a draft ...

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