Rule 17g-5 impracticality revealed
Elizabeth Fournier |
July 14, 2010
The disclosure requirements imposed by the US Securities and Exchange Commission’s (SEC) rule 17g-5 highlights the expanding gap between regulators’ intentions and the practical implications of their rulemaking.
As IFLR reported in June, the amendments to rule 17g-5 require structured finance issuers to post all communications with the rating agencies on their websites. This was designed...
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