(DOWNLOAD) "Commission Guidances - Definitions of Mortgage Related Security and Small Business Related Security (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)" by The Law Library # eBook PDF Kindle ePub Free
eBook details
- Title: Commission Guidances - Definitions of Mortgage Related Security and Small Business Related Security (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)
- Author : The Law Library
- Release Date : January 21, 2018
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 126 KB
Description
The Law Library presents the complete text of the Commission Guidances - Definitions of Mortgage Related Security and Small Business Related Security (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition).
Updated as of May 29, 2018
The Securities and Exchange Commission (the “Commission”) is publishing interpretive guidance with respect to sections 3(a)(41) (the definition of “mortgage related security”) and 3(a)(53)(A) (the definition of “small business related security”) of the Securities Exchange Act of 1934 (the “Exchange Act”), in light of section 939(e) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”). Section 939(e) strikes provisions in sections 3(a)(41) and 3(a)(53)(A) of the Exchange Act that reference credit ratings issued by nationally recognized statistical rating organizations (“NRSROs”), and inserts new text that provides that in order to satisfy these definitions a security must meet “standards of credit-worthiness as established by the Commission.” Because more time is needed to develop and establish standards of creditworthiness for purposes of these definitions, the Commission is providing a transitional interpretation that will be applicable on and after July 20, 2012, and until such time as final Commission rules establishing new standards of creditworthiness become effective. The Commission also is seeking comment on potential standards of creditworthiness that could be established to replace the use of NRSRO credit ratings in the definitions of the terms “mortgage related security” and “small business related security.”
This ebook contains:
- The complete text of the Commission Guidances - Definitions of Mortgage Related Security and Small Business Related Security (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure
 "Commission Guidances - Definitions of Mortgage Related Security and Small Business Related Security (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)" by The Law Library # eBook PDF Kindle ePub Free){kind=link}