The American Securitization Forum (ASF), in a comment letter filed with the Securities and Exchange Commission (SEC), expressed its concerns regarding proposals that would introduce, among other changes, an investor qualification and minimum denomination standard in Form S-3.

These proposals will also cause the removal of credit ratings as a required element of a money market fund’s investment analysis in Rule 2a-7 of the Investment Company Act.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.