Credit Risk Retention – Joint Regulatory Re-Proposed Rules

On August 28, 2013, six federal agencies1 jointly re-proposed rules to implement the credit risk retention requirements of Section 15G of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which was added by Section 941 of the Dodd-FrankWall Street Reform and Consumer Protection Act. The Agencies originally proposed rules to implement the credit risk retention requirements on March 29, 2011.

The supplementary information that accompanies the re-proposed rules includes over 100 specific questions on which comments are sought. Comments on the re-proposed rules must be received by October 30, 2013.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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