Outcome of Pending Rewrite of Reg AB Rule Is Uncertain, Raising Concerns Even at the SEC
February 8, 2013
Officials at the federal agency that proposed a significant overhaul of securitization disclosures three years ago are concerned about uncertainty caused by the pending rule and its unclear when, or even if, a final rule will be issued. Troy Paredes, a commissioner at the Securities and Exchange Commission, would not comment on when the so-called Reg AB2 rule would be finalized. It may or may not get done, he said last week at the American Securitization Forums ASF 2013 conference in Las Vegas. The SEC initially proposed...