How Reg AB will impact foreign issuance in the U.S. is yet to be seen, and predictions are going both ways, with some expecting more deals to result and others proving more skeptical. Tom Deutsch, associate director at the American Securitization Forum, said Reg AB allows non-U.S. issuers to have S-3 eligibility status just like U.S. issuers. As such, he anticipates greater interest in the U.S. market from issuers overseas.

"Now they can operate completely on equivalent terms with U.S. issuers," Deutsch said.

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