August 18, 2011
SEC Adopts Final Rule on Suspending Duty to File for ABS
The SEC adopted final rules to provide certain thresholds for suspension of the reporting obligations for asset-backed securities issuers, pursuant to Section 942(a) of the Dodd-Frank Act, which eliminated the automatic suspension of the duty to file under Section 15(d) of the Securities Exchange Act of 1934 for asset-backed securities issuers and granted the Commission the authority to issue rules providing for the suspension or termination of such duty.
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