{"abstract":"The Securities and Exchange Commission (\"SEC\" or \"Commission\") is adopting a rule to implement Section 621 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (\"Dodd-Frank Act\") prohibiting an underwriter, placement agent, initial purchaser, or sponsor of an asset-backed security (including a synthetic asset-backed security), or certain affiliates or subsidiaries of any such entity, from engaging in any transaction that would involve or result in certain material conflicts of interest.","action":"Final rule.","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2023/12/07/2023-26430.html","cfr_references":[{"chapter":null,"citation_url":null,"part":230,"title":17}],"citation":"88 FR 85396","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective date: This final rule is effective on February 5, 2024.","disposition_notes":null,"docket_ids":["Release No. 33-11254","File No. S7-01-23"],"dockets":[],"document_number":"2023-26430","effective_on":"2024-02-05","end_page":85466,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2023/12/07/2023-26430.xml","html_url":"https://www.federalregister.gov/documents/2023/12/07/2023-26430/prohibition-against-conflicts-of-interest-in-certain-securitizations","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2023-26430?publication_date=2023-12-07","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2023-12-07/2023-26430/mods.xml","not_received_for_publication":null,"page_length":71,"page_views":{"count":3081,"last_updated":"2026-04-05 02:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-12-07/pdf/2023-26430.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-26430.pdf?1701885852","publication_date":"2023-12-07","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2023/12/07/2023-26430.txt","regulation_id_number_info":{"3235-AL04":{"issue":"202310","html_url":"https://www.federalregister.gov/regulations/3235-AL04/prohibition-against-conflicts-of-interest-in-certain-securitizations","title":"Prohibition Against Conflicts of Interest in Certain Securitizations","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202310&RIN=3235-AL04&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["3235-AL04"],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"SEC","document_id":"SEC-2023-1409-0001","checked_regulationsdotgov_at":"2023-12-08T13:00:13Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":85396,"subtype":null,"title":"Prohibition Against Conflicts of Interest in Certain Securitizations","toc_doc":"Prohibition Against Conflicts of Interest in Certain Securitizations","toc_subject":null,"topics":["Reporting and recordkeeping requirements","Securities"],"type":"Rule","volume":88}