Securitization Safe Harbor Rule; Correction, 18180 [2021-06724]

Download as PDF 18180 Federal Register / Vol. 86, No. 66 / Thursday, April 8, 2021 / Rules and Regulations supervised financial institutions and encourage supervised institutions with questions about this statement or any applicable supervisory guidance to discuss the questions with their appropriate agency contact. By order of the Board of Governors of the Federal Reserve System. Ann Misback, Secretary of the Board. [FR Doc. 2021–07146 Filed 4–7–21; 8:45 am] BILLING CODE 6210–01–P List of Subjects in 12 CFR Part 360 Banks, Banking, Bank deposit insurance, Holding companies, National banks, Participations, Reporting and recordkeeping requirements, Savings associations, Securitizations. [Docket No. FAA–2021–0266; Project Identifier MCAI–2021–00320–T; Amendment 39–21503; AD 2021–08–09] The FAA must receive comments on this AD by May 24, 2021. ADDRESSES: You may send comments, using the procedures found in 14 CFR 11.43 and 11.45, by any of the following methods: • Federal eRulemaking Portal: Go to https://www.regulations.gov. Follow the instructions for submitting comments. • Fax: 202–493–2251. • Mail: U.S. Department of Transportation, Docket Operations, M– 30, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue SE, Washington, DC 20590. • Hand Delivery: Deliver to Mail address above between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. For material incorporated by reference (IBR) in this AD, contact EASA, KonradAdenauer-Ufer 3, 50668 Cologne, Germany; telephone +49 221 8999 000; email ADs@easa.europa.eu; internet www.easa.europa.eu. You may find this IBR material on the EASA website at https://ad.easa.europa.eu. You may view this IBR material at the FAA, Airworthiness Products Section, Operational Safety Branch, 2200 South 216th St., Des Moines, WA. For information on the availability of this material at the FAA, call 206–231–3195. It is also available in the AD docket at https://www.regulations.gov by searching for and locating Docket No. FAA–2021–0266. RIN 2120–AA64 Examining the AD Docket PART 360—[AMENDED] For the reasons stated in the preamble, and under the authority of 12 U.S.C. 1819, the FDIC revises the authority citation for 12 CFR part 360 to read as follows: ■ Authority: 12 U.S.C. 1811 et seq., 1817(b), 1818(a)(2), 1818(t), 1819(a) Seventh, Ninth, and Tenth, 1820(b)(3) and (4), 1820(g), 1821(d)(1), 1821(d)(10)(C), 1821(d)(11), 1821(e)(1), 1821(e)(8)(D)(i), 1821(f)(1), 1822(c), 1823(c)(4), and 1823(e)(2). FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Part 360 RIN 3064–AF75 Federal Deposit Insurance Corporation. Dated at Washington, DC, on or about March 25, 2021. James P. Sheesley, Assistant Executive Secretary. Securitization Safe Harbor Rule; Correction Federal Deposit Insurance Corporation (FDIC). ACTION: Correcting amendment. AGENCY: [FR Doc. 2021–06724 Filed 4–7–21; 8:45 am] BILLING CODE 6714–01–P This document contains a correction to the final regulation related to the Securitization Safe Harbor Rule which was published in the Federal Register on March 4, 2020. DATES: Effective on April 8, 2021. FOR FURTHER INFORMATION CONTACT: F. Angus Tarpley III, Counsel, Receivership Policy Unit, Legal Division, (703) 562–2434, ftarpley@ FDIC.gov; Phillip E. Sloan, Counsel, Receivership Policy Unit, Legal Division, (703) 562–6137, psloan@ fdic.gov; Alys V. Brown, Honors Attorney, Strategic Planning & Operations Group, Legal Division, (202) 898–3565, alybrown@fdic.gov. SUPPLEMENTARY INFORMATION: SUMMARY: khammond on DSKJM1Z7X2PROD with RULES Background Federal Aviation Administration 14 CFR Part 39 Airworthiness Directives; Airbus SAS Airplanes Federal Aviation Administration (FAA), DOT. ACTION: Final rule; request for comments. AGENCY: The FAA is adopting a new airworthiness directive (AD) for all Airbus SAS Model A330–323, –342, and –343 airplanes. This AD was prompted by the discovery of an erroneous value in some airplane data files that are used for performance computations in the airplane flight manual (AFM). This AD requires revising the existing AFM and applicable corresponding operational procedures, as specified in a European Union Aviation Safety Agency (EASA) AD, which is incorporated by reference. The FAA is issuing this AD to address the unsafe condition on these products. DATES: This AD becomes effective April 23, 2021. The Director of the Federal Register approved the incorporation by reference of a certain publication listed in this AD as of April 23, 2021. SUMMARY: The final regulation that is the subject of this correction revised the FDIC’s 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. Need for Correction As published, the final regulation contains an error in the Federal Register instructions to amend the list of authorities cited for 12 CFR part 360. VerDate Sep<11>2014 DEPARTMENT OF TRANSPORTATION 16:14 Apr 07, 2021 Jkt 253001 PO 00000 Frm 00008 Fmt 4700 Sfmt 4700 You may examine the AD docket at https://www.regulations.gov by searching for and locating Docket No. FAA–2021–0266; or in person at Docket Operations between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. The AD docket contains this final rule, any comments received, and other information. The street address for Docket Operations is listed above. FOR FURTHER INFORMATION CONTACT: Vladimir Ulyanov, Aerospace Engineer, Large Aircraft Section, International Validation Branch, FAA, 2200 South 216th St., Des Moines, WA 98198; telephone and fax 206–231–3229; email Vladimir.Ulyanov@faa.gov. SUPPLEMENTARY INFORMATION: Background EASA, which is the Technical Agent for the Member States of the European Union, has issued EASA AD 2021–0071, dated March 12, 2021 (EASA AD 2021– 0071) (also referred to as the Mandatory Continuing Airworthiness Information, or the MCAI), to correct an unsafe condition for all Airbus SAS Model A330–323, –342, and –343 airplanes. E:\FR\FM\08APR1.SGM 08APR1

Agencies

[Federal Register Volume 86, Number 66 (Thursday, April 8, 2021)]
[Rules and Regulations]
[Page 18180]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-06724]


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FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Part 360

RIN 3064-AF75


Securitization Safe Harbor Rule; Correction

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Correcting amendment.

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SUMMARY: This document contains a correction to the final regulation 
related to the Securitization Safe Harbor Rule which was published in 
the Federal Register on March 4, 2020.

DATES: Effective on April 8, 2021.

FOR FURTHER INFORMATION CONTACT: F. Angus Tarpley III, Counsel, 
Receivership Policy Unit, Legal Division, (703) 562-2434, 
[email protected]; Phillip E. Sloan, Counsel, Receivership Policy Unit, 
Legal Division, (703) 562-6137, [email protected]; Alys V. Brown, Honors 
Attorney, Strategic Planning & Operations Group, Legal Division, (202) 
898-3565, [email protected].

SUPPLEMENTARY INFORMATION: 

Background

    The final regulation that is the subject of this correction revised 
the FDIC's 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.

Need for Correction

    As published, the final regulation contains an error in the Federal 
Register instructions to amend the list of authorities cited for 12 CFR 
part 360.

List of Subjects in 12 CFR Part 360

    Banks, Banking, Bank deposit insurance, Holding companies, National 
banks, Participations, Reporting and recordkeeping requirements, 
Savings associations, Securitizations.

PART 360--[AMENDED]

0
For the reasons stated in the preamble, and under the authority of 12 
U.S.C. 1819, the FDIC revises the authority citation for 12 CFR part 
360 to read as follows:

    Authority:  12 U.S.C. 1811 et seq., 1817(b), 1818(a)(2), 
1818(t), 1819(a) Seventh, Ninth, and Tenth, 1820(b)(3) and (4), 
1820(g), 1821(d)(1), 1821(d)(10)(C), 1821(d)(11), 1821(e)(1), 
1821(e)(8)(D)(i), 1821(f)(1), 1822(c), 1823(c)(4), and 1823(e)(2).

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on or about March 25, 2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021-06724 Filed 4-7-21; 8:45 am]
BILLING CODE 6714-01-P