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Cadwalader Clients & Friends Memo: SEC Seeks Public Comment On Treatment of Asset-Backed Issuers under the Investment Company Act

The Securities and Exchange Commission (the "SEC") recently issued an advance notice of proposed rulemaking (the "ANPR") requesting public comment on the treatment of asset-backed issuers under Rule 3a-7 under the Investment Company Act of 1940 (the "Investment Company Act"...