Prohibition Against Conflicts of Interest in Certain Securitizations
Abstract
The Securities and Exchange Commission ("SEC" or "Commission") is adopting a rule to implement Section 621 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ("Dodd-Frank Act") prohibiting an underwriter, placement agent, initial purchaser, or sponsor of an asset-backed security (including a synthetic asset-backed security), or certain affiliates or subsidiaries of any such entity, from engaging in any transaction that would involve or result in certain material conflicts of interest.
Federal Register Source
This document is published by the Office of the Federal Register, National Archives and Records Administration. Access the full regulatory text, preamble, and docket comments below.
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Frequently Asked Questions
What is the 2023-26430 Federal Register document?
Document 2023-26430 is a Final Rule published by the Securities and Exchange Commission in the Federal Register on December 7, 2023, with an effective date of February 5, 2024. The Securities and Exchange Commission ("SEC" or "Commission") is adopting a rule to implement Section 621 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ("Dodd-Frank Act") prohibiting an underwriter, placement agent, initial purchaser, or sponsor of an asset-backed security (including a synthetic asset-backed security), or certain affiliates or subsidiaries of any such entity, from engaging in any transaction that would involve or result in certain material conflicts of interest. View the original at https://www.federalregister.gov/documents/2023/12/07/2023-26430/prohibition-against-conflicts-of-interest-in-certain-securitizations.
Is document 2023-26430 an economically significant rule?
No. Document 2023-26430 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.