The SEC seeks industry input on ABS definitions
A big part of the outreach is to clearly distinguish Regulation AB asset-backed securities from Exchange Act ABS, especially as new issuers and investors enter the market.
SEC regulations
Comments coming due for SEC’s PDA proposal and IOSCO’s good practices
The SEC could crimp effective investor communications, while IOSCO seeks feedback on 12 proposed "good practices" when operating in the leveraged loan and CLO markets.
By
John Hintze
SEC finalizes updated private fund advisers compliance rule
An industry organization is relieved as the regulators extend an exemption to CLOs, but they remain vigilant for how the new order will ripple through the market.
Banks must publicly disclose data breaches under new SEC rule
The new rule sets a nationwide standard for disclosing all "material" breaches within four days — much sooner than many state-level disclosure rules.
SEC re-proposes rule to prohibit conflicts of interests in ABS
The regulator's proposal adds to measures already in place—net short positions—but critics worry that overzealous application could dampen the market.
By
John Hintze
Bucking trend, KKR CLO 9 refi puts deal in compliance with risk retention
KKR is undertaking a rare refinancing of a 2014-vintage collateralized loan obligation that does take advantage of a one-time exemption from risk retention requirements.
