On March 11th, the FDIC announced that it has extended through September 30, 2010, the Safe Harbor Protection for Treatment by the FDIC as Conservator or Receiver of Financial Assets Transferred by an Insured Depository Institution in Connection With a Securitization or Participation. Under this safe harbor, all securitizations or participations in process through September 30, 2010 are permanently grandfathered under the existing terms of 12 C.F.R. Part 360.6. The action is intended to provide continued protection for securitizations under the existing safe harbor while the FDIC considers and adopts final standards for future safe harbor protections. FDIC Press Release.