SEC Staff Publishes C&DIs of FAST Act Requirements That Affect Savings and Loan Holding Companies
January 12, 2016 — On December 21, 2015, the SEC’s Division of Corporation Finance issued four Compliance and Disclosure Interpretations (C&DIs) of requirements under the FAST Act1 that apply to savings and loan holding companies. The new C&DIs discuss:
- The FAST Act’s effect on Sections 12(g) and 15(g) of the Securities Exchange Act of 1934.
- The FAST Act’s effect on registrations as of a fiscal year-end on or before December 4, 2015.
- Termination of the registration of a class of equity security.
- Suspension of reporting obligations.
The FAST Act C&DIs are in addition to those issued on December 10, 2015, that apply to emerging growth companies (see Deloitte’s December 18, 2015, journal entry for more information).
The Fixing America’s Surface Transportation Act became law on December 4, 2015. For a summary of the FAST Act’s key provisions, see Deloitte’s December 8, 2015, journal entry.