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On August 28, 2013, the federal regulatory agencies responsible for implementing regulations under Dodd-Frank re-proposed rules for risk retention requirements in ABS transactions, including CMBS transactions. The re-proposal comes more than two years after the original proposed rules and, while retaining much of the basic architecture of the original proposal, differs from the original in a number of significant ways.
Public comments on the re-proposal are due October 30, 2013.