Securitization Insight Ep 33: New No Action Letter Regarding Rule 15c2-11 and its Impact on Securitizations

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Kristi Leo, president of the Structured Finance Association, returns to speak with host Patrick Dolan about the new no-action letter regarding Rule 15c2-11, which extends the waiver-of-compliance period for 144A securitizations to two years. We discuss implications the no-action letter will have for securitizations and potential issues including the definition of "fixed income security".

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