SEC
adopted general principles for describing pool assets
-
instead of detailed industry guides for differing asset types
-
provides sample lists as guidance
-
must tailor disclosures to fit the particular asset pool
If
there is a prefunding or revolving period, must disclose:
-
maximum amount of additional assets that may be acquired during the
revolving period
- underwriting criteria for additional
assets acquired during prefunding or revolving period
- who has authority to add, remove or
substitute assets
- who applies underwriting criteria
SEC
commentary
Final
release 33-8518 2005
- Proposal release 33-8419
2004
