U.S. CODE
Rulings
AD/CVD
Notices
HTSUS
U.S. Code
Regs
More
Ports
About
Updates
Apps
Larger font
Smaller font
CustomsMobile Pro
beta now open!
Apply for a FREE beta account. Spaces are limited so apply today.
SIGNUP FOR BETA
SEARCH
Toggle Dropdown
Search US Code
Search Leg. Notes
Sort by Rank
Titles Ascending
Titles Descending
10 per page
25 Result/page
50 Result/page
U.S Code last checked for updates: Nov 26, 2024
All Titles
Title 15
Chapter 2A
Subchapter I
§ 77z-2. Application of safe har...
§ 77z-3. General exemptive autho...
§ 77z-2. Application of safe har...
§ 77z-3. General exemptive autho...
U.S. Code
Notes
§ 77z–2a.
Conflicts of interest relating to certain securitizations
(a)
In general
(b)
Rulemaking
(c)
Exception
The prohibitions of subsection (a) shall not apply to—
(1)
risk-mitigating hedging activities in connection with positions or holdings arising out of the underwriting, placement, initial purchase, or sponsorship of an asset-backed security, provided that such activities are designed to reduce the specific risks to the underwriter, placement agent, initial purchaser, or sponsor associated with positions or holdings arising out of such underwriting, placement, initial purchase, or sponsorship; or
(2)
purchases or sales of asset-backed securities made pursuant to and consistent with—
(A)
commitments of the underwriter, placement agent, initial purchaser, or sponsor, or any affiliate or subsidiary of any such entity, to provide liquidity for the asset-backed security, or
(B)
bona fide market-making in the asset backed security.
(d)
Rule of construction
(
May 27, 1933, ch. 38
, title I, § 27B, as added
Pub. L. 111–203, title VI, § 621(a)
,
July 21, 2010
,
124 Stat. 1631
.)
cite as:
15 USC 77z-2a
.list_box li,p,.cm-search-info,.cm-search-detail,.abt span,.expand-collapse_top
Get the CustomsMobile app!