Forms SF-1 And SF-3 And Changes To Shelf Eligibility

Law360, New York (April 26, 2010, 12:59 PM EDT) -- The U.S. Securities and Exchange Commission recently proposed sweeping changes to Regulation AB and the offering process for asset-backed securities that would fundamentally alter: the shelf offering process and criteria and prospectus delivery requirements; Securities Act and Exchange Act disclosure requirements; and the availability of Securities Act safe harbors for exempt offerings and exempt resales for asset-backed securities.

This article takes an in-depth look at the SEC’s proposed new Forms SF-1 and SF-3 for registration of ABS offerings, together with the proposed changes to the eligibility...
To view the full article, register now.