240.3b-19—Definition of “issuer” in section 3(a)(8) of the Act in relation to asset-backed securities.

The following applies with respect to asset-backed securities under the Act. Terms used in this section have the same meaning as in Item 1101 of Regulation AB ( § 229.1101 of this chapter ).

(a) The depositor for the asset-backed securities acting solely in its capacity as depositor to the issuing entity is the “issuer” for purposes of the asset-backed securities of that issuing entity.

(b) The person acting in the capacity as the depositor specified in paragraph (a) of this section is a different “issuer” from that same person acting as a depositor for another issuing entity or for purposes of that person's own securities.

Code of Federal Regulations

[70 FR 1620, Jan. 7, 2005]

CFR

240.3b-19—Definition of “issuer” in section 3(a)(8) of the Act in relation to asset-backed securities.

Code of Federal Regulations