March 28, 2014 Alert - SEC Extends Comment Period for Asset Backed Securities Release
The Securities and Exchange Commission (SEC) has extended the deadline for the re-opened comment period on two releases, Asset-Backed Securities, Securities Act Release No. 33-9117 (Apr. 7, 2010), 75 FR 23328 (the "2010 ABS Proposing Release") and Re-Proposal of Shelf Eligibility Conditions for Asset-Backed Securities, Securities Act Release No. 33 - 9244 (July 26, 2011), 76 FR 47948 (the "2011 ABS Re-Proposing Release"). The extended comment deadline is now April 28, 2014.

The SEC believes that providing the public additional time to consider and comment on the matters outlined in the staff memorandum and submit comprehensive responses would benefit the SEC in its consideration of the final rules.

On March 10th, SFIG submitted a request to the SEC citing similar benefits to a comment period extension. Many of our members made individual requests in a similar vein. The SFIG Regulation AB II Task Force will continue to meet and develop its positions. If you have not been participating in the task force but would like to join, please contact Alyssa.Acevedo@sfindustry.org.
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