Sec. 601. Risk retention requirements for securitization of corporate debt

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Section 15G of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o–11 ) is amended— in subsection (a)(3)— in subparagraph (A), by striking or at the end; in subparagraph (B), by striking and at the end and inserting or ; and by adding at the end the following: a manager of a collateralized debt obligation; and ; by redesignating subsection

(i)as subsection (j); and by inserting after subsection

(h)the following: With respect to a securitizer described in subsection (a)(3)(C)— any provision of this section that requires that securitizer to retain a portion of the credit risk for an asset that such securitizer does not hold, or has never held, shall be construed as requiring that securitizer to obtain that portion of the credit risk for that asset; and any reference in this section to an asset transferred by the securitizer shall be construed to include any transfer caused by the securitizer. .

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15 USC 78o–11

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Sec. 601

Risk retention requirements for securitization of corporate debt

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