Form ABS-15G Filings

What Is SEC Form ABS-15G?

SEC Form ABS-15G is an important filing required under Exchange Act Rules 15Ga-1 and 15Ga-2. It is used by asset-backed securitizers to provide specified disclosures regarding representations and warranties, repurchase activity, and, when applicable, the findings and conclusions of third-party due diligence reports in asset-backed securities transactions, as reflected in the SEC’s Form ABS-15G.

This form is typically filed when a securitizer has reportable repurchase or replacement activity for breaches of representations and warranties during a reporting period, when a securitizer must confirm no activity after suspending periodic reporting, when a securitizer terminates its duty to file reports under Rule 15Ga-1, or when an issuer or underwriter is required to furnish third-party due diligence information under Rule 15Ga-2.

Form ABS-15G supports transparency in the asset-backed securities market by requiring standardized disclosure of repurchase demand activity and related outcomes across covered transactions, and by making certain third-party due diligence findings available through EDGAR. These disclosures apply to the securitizer’s covered asset-backed securities held by non-affiliates during the applicable reporting period.

Key elements typically found in SEC Form ABS-15G include:

• Identification of the securitizer, issuing entity, and related CIK and contact information
• The applicable reporting obligation (Rule 15Ga-1 or Rule 15Ga-2) and the reporting period or offering timing basis
• Representation and warranty disclosure items for initial, periodic, or termination-related reporting under Rule 15Ga-1
• Required tables and narrative disclosures addressing fulfilled and unfulfilled repurchase requests, as applicable
• Third-party due diligence findings and conclusions disclosures under Rule 15Ga-2, if applicable
• Signature by the appropriate authorized senior officer (or authorized officer for certain Rule 15Ga-2 submissions)

SEC Form ABS-15G Filing Deadlines

SEC Form ABS-15G filing timing depends on whether the report is being filed under Rule 15Ga-1 (repurchase history disclosures) or furnished under Rule 15Ga-2 (third-party due diligence findings). Timing requirements are tied to calendar-quarter reporting cycles, annual confirmations in certain no-activity situations, and offering timelines for Rule 15Ga-2 submissions.

Key Things to Know About Form ABS-15G Filing Rules

• Applies to Rule 15Ga-1 and Rule 15Ga-2: Form ABS-15G is the reporting format used for specified disclosures required by Rule 15Ga-1 and, when applicable, for furnishing third-party due diligence information required by Rule 15Ga-2.
• Quarterly Reporting Is Calendar-Based: Rule 15Ga-1 periodic disclosures are generally tied to calendar quarters, with filing timing measured from the end of the quarter rather than an issuer’s fiscal quarter.
• No-Activity Reporting Still Requires Action: If a securitizer has no activity to report or has suspended periodic reporting due to no activity, Form ABS-15G is used to indicate the applicable no-activity status and, when required, to provide an annual confirmation.
• Affiliated Securitizer Filings May Avoid Duplication: In certain affiliated securitizer structures, one securitizer’s filing may satisfy the filing obligation for other affiliated securitizers for the same transaction when the required disclosures are included.
• Rule 15Ga-2 is Offering-Timed: When furnishing third-party due diligence findings under Rule 15Ga-2, the timing is tied to the offering and must be provided in advance of the first sale of securities.

To monitor asset-backed securitizer reporting and related disclosure activity, our platform helps you track Form ABS-15G filings, review related Form ABS-15G/A filings, and navigate the broader Latest EDGAR filings to stay informed on filing activity across the asset-backed securities market.