Will The New ABS Rules Impact Cell Tower Securitizations?

Law360, New York (October 15, 2014, 10:39 AM EDT) -- On Aug. 27, 2014, the U.S. Securities and Exchange Commission adopted two final rules implementing new regulations affecting asset-backed securities (ABS). The first set of rules, referred to in this article as the "third-party reports rules,"[1] include new rules requiring the filing of the findings and conclusions of reports of third-parties who have been employed by issuers and underwriters to provide due diligence services. The second set of rules, referred to in this article by its popular name, "Regulation AB II,"[2] relate to asset-level disclosure and shelf registration requirements applicable to ABS transactions....

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