Securitization Safe Harbor Rule
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.
|Date proposed:||July 16, 2019|
|Comments due date:||
Oct. 21, 2019
|Final rule effective date:||May 4, 2020|
|Rule compliance date:|
|Related Reg Report item(s):||FDIC leaders split on final rule for insurance determination, proposed rule on securitization safe harbor|