Las Vegas - Although market participants are still waiting on official word regarding how to implement certain provisions of Regulation AB, Paula Dubberly, Securities and Exchange Commision associate director, gave a good indication of what the SEC stance is on the issue of third-party assessments at last week's ASF 2007.

In a panel called Regulation AB and Offering Process Reform Implementation, Dubberly shed some light on the SEC's response to the industry call for clarification on Item 1122 of Reg AB. She also said that a telephone interpretation of Item 1122 as it relates to the provision's assessments of vendor activities could be expected within the next two weeks.

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