No
distinction is made for foreign ABS under new SEC rules
-
thus, foreign ABS must be registered on Form S-1 or S-3
- can file a shelf registration without
need to first establish a "track record"
SEC
commentary
Subject to same disclosure requirements
as domestic issuers
Except
for disclosures about:
- home country laws
- tax matters, exchange controls, currency
restrictions
- other economic, fiscal, monetary or
potential factors that could materially affect performance of the ABS
