Securities and Exchange Commission: Disclosure for Asset-Backed Securities Required by Section 943 of the Dodd-Frank Wall Street Reform and Consumer Protection Act
GAO-11-353R: Feb 10, 2011
- Full Report:
GAO reviewed the Securities and Exchange Commission's (Commission) new rule on disclosure for asset-backed securities required by Section 943 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. GAO found that (1) this final rule requires securitizers of asset-backed securities to disclose fulfilled and unfulfilled repurchase requests; and (2) the Commission complied with the applicable requirements in promulgating the rule.