Search Results for keywords:"asset-backed securities"

The Securities and Exchange Commission (SEC) is requesting an extension of the paperwork required for Rule 15Ga-2 and Form ABS-15G. These forms are used to gather information about asset-backed securities, particularly about repurchase requests. Form ABS-15G is essential for implementing disclosure requirements mandated by the Dodd-Frank Act. Public comments on this request can be submitted from December 12, 2024, to January 13, 2025.

The Federal Deposit Insurance Corporation (FDIC) is inviting the public and other federal agencies to comment on the renewal of two existing information collections as part of the Paperwork Reduction Act of 1995. The first collection relates to the Pillar 2 Guidance under the Advanced Capital Framework, which requires certain banks to document and assess their capital adequacy processes. The second collection involves the Credit Risk Retention Rule, requiring institutions to retain a portion of the credit risk for asset-backed securities they issue. Comments are open until January 13, 2025, and can be submitted by various methods, including email and post.

The Securities and Exchange Commission (SEC) is seeking public comments on the information collection for Form ABS-EE under the Paperwork Reduction Act of 1995. The form is used by asset-backed issuers to report detailed information about asset-backed securities, both at the time of securitization and on an ongoing basis. The SEC estimates that 13,374 responses are filed annually, with a total burden of 170,089 hours shared between external and internal resources. The public is invited to provide feedback within 60 days regarding the necessity, accuracy, and ways to reduce the burden of this information collection.