The Bond Market Association objected last week to a major proposed overhaul of regulations by the Securities and Exchange Commission that could jeopardize a separate SEC effort that is currently developing new rules specifically for asset securitizations.

The association's letter said under the proposed regulatory overhaul issuers of asset securitizations might be denied immediate and predictable access under the SEC's proposed regulatory overhaul. Further, issuers could likely hit delays and uncertainties in completing deals because of what the association terms impractical and unwarranted advance disclosure requirements.

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