On July 31, 2024, the US Securities and Exchange Commission (SEC) staff in the Division of Corporation Finance posted three new Compliance and Disclosure Interpretations (C&DIs) related to the rules and forms adopted under Regulation AB, the Securities Act, and the Exchange Act with respect to asset-backed securities. C&DIs provide guidance to those who must comply with the federal securities laws. However, because they represent the views of the staff, they are not legally binding. This Legal Update provides further detail on the three new C&DIs.
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