The Federal Deposit Insurance Corp. (FDIC) will be holding a meeting on Nov. 12 to discuss a proposed memorandum and resolution related to the safe harbor regulation it issued in 2000.

At the meeting, the FDIC is expected to deliver a proposal that will have language regarding the grandfathering of existing deals under the safe harbor rule, according to the American Securitization Forum (ASF). The securitization trade group has submitted two proposals to the agency. The most recent proposal carries a potential Sale Approach and a Security Interest Approach.

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