The Corp Fin Staff has posted 7 new interpretations relating to asset-backed securities.As John shared last week, these are now called “Corporation Finance Interpretations” – or “CFIs” – instead of “Compliance & Disclosure Interpretations,” which was always a mouthful. No streamlining opportunity shall remain untouched during Chair Atkins’ tenure!

Six of the new CFIs cover Form ABS-15G, specifically:

Q. 213.01 – Form ABS-15G, Rule 15Ga-1 Item Number for Initial Filing

Q. 213.02 – Form ABS-15G, Rule 15Ga-1 Form Cover Checkboxes

Q. 213.03 – Form ABS-15G, Rule 15Ga-1 Filing Timing

Q. 213.04 – Form ABS-15G, Rule 15Ga-1 Suspension of Quarterly Disclosures

Q. 213.05 – Form ABS-15G, Rule 15Ga-2, Timing Considerations for Amended Due Diligence Reports

Q. 213.06 – Form ABS-15G, Rule 15Ga-2, Further Timing Considerations for Amended Due Diligence Reports

The other new CFI addresses Item 1125 of Regulation AB:

Q. 325.01 – Schedule AL Materiality Considerations

Check out our “Asset-Backed Securities” Practice Area for more on Regulation AB and related topics.

– Liz Dunshee