The group representing the world’s securities regulators is seeking comment on proposed disclosure principles for asset-backed securities.

The International Organization of Securities Commissions’ Technical Committee has published a consultation paper to provide guidance to securities regulators who are developing or reviewing their regulatory disclosure regimes for public offerings and listings of asset-backed securities.

The principles, which were developed following a recommendation in the Technical Committee’s Report on the Subprime Crisis, published in May 2008, are designed to apply to listings and public offerings of ABS. They would not apply to securities backed by asset pools that are actively managed (such as securities issued by investment companies or collateralized debt obligations) or that contain assets that do not convert to cash.

“The disclosure topics highlighted in the ABS Disclosure Principles are intended as a starting point for consideration and analysis by securities regulators,” it notes. They require disclosure of items such as pool assets, transaction structure, risk factors and tax implications.

Comments on the propose principles are due by August 10.