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Email The Securities and Exchange Commission (the "SEC") recently issued an advance notice of proposed rulemaking (the "ANPR") requesting public comment on the treatment of asset-backed issuers under Rule 3a-7 under the Investment Company Act of 1940 (the "Investment Company Act"). https://www.cadwalader.com/resources/clients-friends-memos/sec-seeks-public-comment-on-treatment-of-asset-backed-issuers-under-the-investment-company-act