The SEC Division of Corporation Finance provided guidance to issuers of Asset-Backed Securities ("ABS") regarding certain programming changes to the EDGAR system that have been made to support recently adopted revisions to Regulation AB and new Securities Exchange Act Rule 15Ga-2.
The guidance covers the procedures that a filer (e.g., an ABS depositor) must use in the EDGAR system. A filer may:
- file a preliminary prospectus under Securities Act Rule 424(h) ("424H prospectus");
- furnish Form ABS-15G and accompanying tables and third party due diligence reports obtained by the issuer or underwriter pursuant to Exchange Act Rule 15Ga-2; or
- make other filings that may be an initial filing for an ABS issuing entity, including a Form ABS-EE.
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