Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Category Archives: Structured Finance and Securitization

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SEC Adopts Regulation AB II

Posted in Dodd-Frank Developments, Structured Finance and Securitization
On August 27, the Securities and Exchange Commission at an open meeting unanimously adopted Regulation AB II (Reg AB II). The final rule provides significant revisions to Regulation AB, which provides the rules regarding the offering process and disclosure and reporting requirements for publicly registered asset-backed securities (ABS).… Continue Reading

New Guidance on Loan Modifications: IRS Finalizes Rules on Issuer’s Credit Quality and Provides a Safe Harbor for REITs

Posted in Structured Finance and Securitization
Co-authored by Brandon D. Hadley On January 6, the Internal Revenue Service issued final regulations (T.D. 9513) under U.S. Treasury Department Regulation Section 1.1001-3 clarifying that a change in the issuer’s credit quality between the issue date and the modification date of a debt instrument is not considered in determining the nature of the instrument… Continue Reading

IRS Proposes New Definition of ‘Publicly Traded’ Property for Purposes of Determining the Issue Price of a Debt Instrument

Posted in Structured Finance and Securitization
Co-authored by Brandon D. Hadley On January 6, the Internal Revenue Service released proposed rules (REG-131947-10) under U.S. Treasury Department regulation 1.1273-2 that simplify and clarify when property is considered to be “publicly traded” for purposes of determining the issue price of a publicly traded debt instrument and the fair market value of publicly traded… Continue Reading

Financial Reform Legislation Imposes New Requirements Relating to Asset-Backed Securities

Posted in Structured Finance and Securitization
On July 15, the U.S. Senate voted to pass the Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 4173), which contains, among other things, provisions addressing risk retention, conflict of interest issues, and the treatment of Nationally Recognized Statistical Rating Organizations (NRSROs) under existing securities laws. The bill will now go to President Obama… Continue Reading