Regulatory Alerts2021-04-08 | 2021-06724Securitization Safe Harbor Rule Correction
The Federal Deposit Insurance Corporation issued a correcting amendment to its Securitization Safe Harbor Rule. This action rectifies an error in the Federal Register instructions by revising the statutory authority citations for 12 CFR Part 360 to accurately reflect the legal basis for securitization transactions. Effective April 8, 2021, the correction eliminates unnecessary Regulation AB compliance mandates for securitization documents when those obligations are not inherently subject to Securities and Exchange Commission rules.
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