SIFMA provides comments to the Securities and Exchange Commission (SEC) on the SEC’s Concept Release: Companies Engaged in the Business of Acquiring Mortgages and Mortgage-Related Instruments, Release No. IC-29778, File No. S7-34-11.  SIFMA and its members believe that current regulatory frameworks and the industry practices of mortgage-related entities are successfully working to protect the investors against the types of potential abuses that the SEC expressed its concerns about in the Concept Release.  SIFMA has serious concerns regarding any changes to current standards that would narrow or limit the activities of mortgage-related entities currently relying on Section 3(c)(5)(C) of the Investment Company Act of 1940.