On October 5, 2011, I blogged about the SEC’s proposed rule on conflicts of interests in certain securitizations (“ABS Conflicts Proposal”). The SEC published the proposed rule on September 28, 2011 and requested that public comments, including comments on the interplay between the ABS Conflicts Proposal and the Volcker Rule, be submitted by December 19, 2011. Because the Volcker Rule was published on November 7, 2011, the SEC is extending the time to comment on the ABS Conflicts Proposal to January 13, 2012 so that the public may better assess the interplay between the Volcker Rule and the ABS Conflicts Proposal. The SEC may further extend the comment period for the ABS Conflicts Proposal beyond January 13, 2012 if the comment period for the Volcker Rule is extended as well.
