[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