Rule 17g-5 impracticality revealed

Author: | Published: 14 Jul 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...