Securities and Exchange Commission: Asset-Backed Securities
GAO-05-254R: Jan 21, 2005
- Full Report:
GAO reviewed the Securities and Exchange Commission's new rule on asset-backed securities. GAO found that (1) the rule addresses the registration, disclosure, and reporting requirements for asset-backed securities under the Securities Act of 1933 and the Security Exchange Act of 1934; and (2) the Commission complied with applicable requirements in promulgating the rule.