On October 22, 2014, the Agencies released a joint final rule implementing the credit risk retention requirements of Section 15G of the Securities Exchange Act of 1934.

On October 22, 2014, the federal regulatory agencies responsible for implementing regulations under Dodd-Frank finalized the risk retention rules for ABS transactions, including CMBS transactions.

On August 27, 2014 the Securities and Exchange Commission approved final rules relating to asset-backed securities disclosure and registration.

The SEC adopted final rules implementing provisions of the Dodd-Frank Act relating to third-party due diligence reports for asset-backed securities.

The SEC voted to adopt long-awaited final rules implementing a series of changes to the registration and offering process for asset-backed securities.

On December 10, 2013, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission and the Commodity Futures Trading Commission that implement Section 13 of the Bank Holding Company Act.

The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Obama on July 21, 2010.

The three federal banking agencies and the SEC recently approved for comment a proposed regulation implementing Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act"), more generally known as the "Volcker Rule."

On June 8, 2011, the Securities and Exchange Commission (the "SEC") issued a release (the "Proposing Release") describing proposed rules (the "Proposed Rules") implementing the portion of Section 932 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") relating to third-party due diligence.

On July 26, 2011, the Securities and Exchange Commission (the "SEC") re-proposed rules (the "Re-Proposal") regarding new shelf eligibility requirements for asset-backed securities ("ABS").