Initial applause over revisions to the US Securities and Exchange Commission’s conflict-of-interest rules has quickly faded as securitization professionals turn their attention to required compliance protocols, reports Asset-Backed Alert.
In speaking with the publication about the rule’s implementation, partner Charles Sweet said that “folks will have to manage this over the next 18 or so months. But it will be a substantially smaller burden than if the rule had been adopted as originally re-proposed.”
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