The Securities and Exchange Commission (SEC) will be holding an open meeting on April 7 to discuss whether to propose revisions to Regulation AB and other rules regarding the offering process, disclosure, and reporting for ABS, the government agency announced on its Web site.
The announcement said that proposed amendments would revise the shelf offering process as well as eligibility criteria for ABS and require ABS issuers to provide enhanced disclosures such as information on each asset in the underlying pool in a standardized and tagged format.
The SEC will also consider proposed revisions to the Securities Act Rule 144A, as well as other rules for privately-placed ABS.
The announcement further stated that at times, changes in the SEC's priorities require changes in the scheduling of meeting items.
