The Securities and Exchange Commission (SEC) proposals to require issuers to provide investors with more information about loans underlying ABS would apply to municipal bonds and could have far-reaching effects on the muni market, several lawyers said last week.

The SEC earlier this month proposed the two sets of rules and has asked the public to comment on them by Nov. 15. They would implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act designed to provide more transparency in the ABS market and avoid problems that led to the financial crisis in 2008.

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