issuer means any report containing findings and conclusions of anydue diligence servicesas defined in Rule 17g-10(d)(1) ( 240.17g-10(d)(1)of this chapter) performed by a third party.


17 CFR § 240.15Ga-2

Scoping language

The issuer or underwriter of an offering of any asset-backed security (as that term is defined in Section 3(a)(79) of the Act (15 U.S.C. 78c(a)(79))) that is to be rated by a nationally recognized statistical rating organization must furnish Form ABS-15G ( 249.1400 of this chapter) to the Commission containing the findings and conclusions of any third-party due diligence report obtained by the issuer or underwriter at least five business days prior to the first sale in the offering.

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