Proposed Rule
Definition of Nationally Recognized Statistical Rating Organization
Overview
The Commission is publishing for comment a proposed new rule under the Securities Exchange Act of 1934 ("Exchange Act'), which would define the term "nationally recognized statistical rating organization' ("NRSRO'). The proposed definition contains three components that must each be met in order for a credit rating agency to be an NRSRO. The Commission is also providing interpretations of the proposed definition of the term "NRSRO.' Defining the term "NRSRO' and providing interpretations of the definition would increase transparency with regard to the NRSRO concept.
Resources
Details
Public Comments Due
Comments should be received on or before June 9, 2005
File Number
S7-04-05
Rule Type
Proposed
Release Number
33-8570
34-51572
IC-26834
SEC Issue Date
April 19, 2005
Federal Register Publish Date
April 25, 2005
Document Citation
70 FR 21305
RIN
3235-AH28
Public Comments