| http://www.w3.org/ns/prov#value | - We are proposing to exempt asset-backed securities from Section 16 in its entirety.288 In addition to the reporting requirements in Section 16(a), we believe the other subparts of Section 16 are equally inapplicable to asset-backed issuers given the passive nature of the issuing entity, including the restrictive activities of the issuing entity in connection with the ABS transaction.
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