Santander Drive Auto Receivables Trust 2020-2 Files Form 15-15D with the SEC

Santander Drive Auto Receivables Trust 2020-2 recently submitted a Form 15-15D filing with the Securities and Exchange Commission (SEC). This filing signifies that the company is suspending its duty to file regular reports with the SEC. This move is often seen when a company has fewer than 300 shareholders of record and, as a result, is eligible to deregister its securities. It is essential for investors and stakeholders to take note of such filings as they can impact transparency and the availability of information about the company.

Santander Drive Auto Receivables Trust 2020-2 is a trust that deals with auto receivables. While specific details about the company are not provided in the filing, interested parties can find more information about Santander Drive Auto Receivables Trust 2020-2 on their website. This filing could indicate a strategic decision by the company to streamline operations and reduce regulatory obligations, which may have implications for investors and other market participants.

Form 15-15D is a notification of termination of registration under Section 12(g) or suspension of duty to file reports under Sections 13 and 15(d) of the Securities Exchange Act. Companies typically file Form 15-15D to suspend their reporting obligations with the SEC, signaling a significant change in their reporting status. Investors should closely monitor such filings to stay informed about any changes in the company’s reporting and regulatory compliance status.

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Santander Drive Auto Receivables Trust 2020-2 (0001816049) Files Form 15-15D with SEC