The American Securitization Forum (ASF) said its likely that the Federal Deposit Insurance Corp. (FDIC) will extend the interim Safe Harbor.
The FDIC board is set to meet later this month to discuss the final Safe Harbor rules. However, it is likely that, in the meantime, the existing rules will stand beyond the Sept. 30 expiration date.
An FDIC spokesperson said that no announcement has been made yet about the extension.
The final Safe Harbor rules will go into effect at the end of the interim Safe Harbor period. The ASF noted that the new rules will shed light on how the FDIC plans to reconcile its proposal with those of the Securities and Exchange Commission's Reg AB.
The ASF has scheduled a sunset seminar on Oct. 20 to discuss the final rules.
