Securitization Safe Harbor Rule

August 22, 2019 FDIC, Regulation lookup 0

Title:
Securitization Safe Harbor Rule
Subject: Securitizations, participations
Agency: FDIC
Status: Final rule
Summary:
The FDIC is amending its securitization safe harbor rule, which relates to the treatment of financial assets transferred in connection with a securitization transaction, in order to eliminate a requirement that the securitization documents require compliance with Regulation AB of the Securities and Exchange Commission in circumstances where Regulation AB by its terms would not apply to the issuance of obligations backed by such financial assets.
FR Doc: 2020-02936
Date proposed: July 16, 2019
Comments due date:

Oct. 21, 2019
Final rule effective date: May 4, 2020
Rule compliance date:
Agency release:

Related Reg Report item(s): FDIC leaders split on final rule for insurance determination, proposed rule on securitization safe harbor