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Cadwalader Clients & Friends Memo: Applicability to Insurance-Linked Securities of SEC Re-proposal of Shelf Eligibility Conditions for Asset-Backed Securities

On July 26, 2011 the Securities and Exchange Commission (the "SEC") issued a release (the "Proposing Release") revising and re-proposing certain rules (the "Proposed Rules") initially proposed in April 2010 related to asset-backed securities in light of the provisions added...