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Regulation AB Item 1122 Compliance with Applicable Servicing Criteria
Organization's that are identified as servicers for purposes of Regulation AB compliance must submit documentation to each respective Form 10-K for ensuring Item 1122 compliance. Additionally, a registered (PCAOB) CPA firm also must conduct an attest engagement and issue a report. Thus, Regulation AB Item 1122 consists of two key deliverables, one a collection of statements and a brief assessment, the other, an actual attestation report. Together, these two deliverables are called the Form 10-K Report(s) on Assessments of Compliance with Servicing Criteria and Accountant's Attestation.

NDB provides assistance for ensuring that servicers meet the Assessments of Compliance with Servicing Criteria requirements along with providing services related to issuing of the Registered Public Accounting Firm Attestation Reports (i.e., Accountant's Attestation).

Please Note: Issuing of Registered Public Accounting Firm Attestation Reports will consist of conducting an agreed upon procedure (AUP) engagement for the servicer. This engagement will consist of evaluating a servicers assertion against the servicing criteria set forth for Regulation AB. This AUP engagement will require significant time and resources from your organization and ours.
The information contained herein is general in nature and is based on authorities that are subject to change. It is not intended, and should not be construed, as legal, accounting, or tax advice, or as an opinion provided (expressed or implied) by NDB LLP to the reader or any other person. This material may not be applicable to, or suitable for, the specific circumstances or needs, and may require consideration of legal, regulatory compliance, non-tax, or tax factors. Contact NDB LLP for engagement and a consultation prior to taking any action based upon this information or other marketing information. NDB LLP assumes no obligations to inform the reader of any changes in SEC legislation/regulations or tax laws or other factors that could affect the information contained herein.
Regulation AB Information Portal
View the Securities and Exchange Commission's (SEC) final ruling on Regulation AB; a comprehensive document that has brought about significant changes to the ABS Market.
A discussion and anlysis of all 24 regulation AB Items, ranging from Item 1100 to Item 1123.