The U.S. Security Exchange Commission (SEC) issued a final rule that restricts securitization participants with respect to an asset-backed security (ABS) from engaging in conflicted transactions with respect to the ABS until the one-year anniversary of the first closing of the sale of the ABS. Presented by Joseph (Giles) Kelly, Partner, Sidley Austin LLP and Eno M. Usoro, Partner, Sidley Austin LLP.