Federal Deposit Insurance Corporation March 4, 2020 – Federal Register Recent Federal Regulation Documents

Securitization Safe Harbor Rule
Document Number: 2020-02936
Type: Rule
Date: 2020-03-04
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
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.