In the News March 13, 2015

Inside MBS & ABS Quotes Richard Simonds on Pending SEC Regulation

Starting June 15, the Securities and Exchange Commission will require issuers and underwriters of rated asset-backed securities to publish findings of any third-party due diligence report within five days after a deal prices.

Richard Simonds, partner in Alston & Bird’s Finance Group, said underwriters are worried about the due diligence disclosure requirements, with some looking to reduce the amount of work involved.

“They say do all due diligence in-house,” he said.
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