SEC Extends Comment Period on Regulation AB II to April 28, 2014
On February 25, 2014, the SEC re-opened the comment period on Regulation AB II to solicit further public comment on an approach to disseminate potentially sensitive asset-level data. That approach is discussed in a February 25, 2014 staff memorandum and would require issuers to make asset-level information available to investors and potential investors through a Web site that would allow issuers to restrict access to information as necessary to address privacy concerns. Asset-level data, other than potentially sensitive asset-level data, would be filed on EDGAR; potentially sensitive asset-level data would be available to investors only through the issuer's access-restricted Web site. The original comment deadline of March 28, 2014 has now been extended to April 28, 2014.
A copy of the SEC’s Announcement extending the comment period is available through the following link: