Proposed Rules. Concept release; request for comments
/register/2025/10/01/2025-19152·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Agency: Securities and Exchange Commission
Action: Concept release; request for comments
Citation: FR Doc. 2025-19152 · RIN 3235-AN52 · Release Nos. 33-11391; 34-104102; File No. S7-2025-04 · 17 CFR 229, 230, 239, 240, 249
Summary
The Securities and Exchange Commission (“Commission”) is publishing this concept release to solicit comments on whether to amend the asset-level disclosure requirements for residential mortgage-backed securities in Item 1125 of Regulation AB and whether to revise generally the definition of “asset-backed security” and/or other definitions in Item 1101 of Regulation AB. The Commission is considering these steps to expand issuer and investor access to the registered asset-backed securities markets and facilitate enhanced capital formation and liquidity while maintaining appropriate investor protections.
Dates
Comments should be received on or before December 1, 2025.
Connectionstraces to 22
- (Item 1100) General.§ 229.1100
- (Item 1101) Definitions.§ 229.1101
- (Item 1125) Schedule AL---Asset-level information.§ 229.1125
- (Item 1111) Pool assets.§ 229.1111
- Information unknown or not reasonably available.§ 230.409
- Filing of prospectuses, number of copies.§ 230.424
- Form 10-D, periodic distribution reports by asset-backed issuers.§ 249.312
- Form SF-1, registration statement under the Securities Act of 1933 for offerings of asset-backed securities.§ 239.44
- Form SF-3, for registration under the Securities Act of 1933 for offerings of asset-backed issuers offered pursuant to certain types of transactions.§ 239.45
- Purpose, scope, and authority.§ 246.1
- Conflicts of interest relating to certain securitizations.§ 230.192
- General exemptions.§ 246.19
- Definitions.§ 230.261
- Definitions.§ 230.902
- Pub. L. 111-203
- 124 Stat. 1376
- 17 CFR 240.12
- Pub. L. 106-102
- 17 CFR 249.424(h)
- 17 CFR 230.250
- 15 USC 78(c)(a)(62)