X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-The “unique characteristics” of CMBS among asset-backed securities need to be considered in the SEC’s proposed revisions of Regulation AB, says the CRE Finance Council in comments filed Monday. These characteristics, the council argues, “warrant specialized treatment for CMBS.”

The council notes that while it endorses many of the SEC’s proposed rules and “broadly supports” the commission’s goals of enhanced transparency and alignment of interest between issuers and investors, certain provisions of the new rules “may impair the efficient operation of the CMBS market without a concomitant benefit.” With that in mind, the CREFC is suggesting alternatives or refinements to the rules that it believes would achieve the SEC’s goals “without unduly burdening capital formation.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.