Securities Lawyer's Deskbook                          published by The University of Cincinnati College of Law

Rule 3b-19 -- Definition of "Issuer" in section 3(a)(8) of the Act in Relation to Asset-Backed Securities.

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1. 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.
   
   
2. 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.
   
   

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