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SEC proposes amendments to NRSRO rules

  • SEC (US Securities and Exchange Commission) Image

Sep 27, 2018

The SEC has issued a proposed rule, “Amendments to Rules for Nationally Recognized Statistical Rating Organizations” (NRSROs), which would codify an existing temporary exemption for credit rating agencies registered with the SEC as NRSROs.

Specifically, the rule “would provide an exemption from a rule for NRSROs with respect to credit ratings if the issuer of the security or money market instrument referred to in the rule is not a U.S. person, and the NRSRO has a reasonable basis to conclude that all offers and sales of such security or money market instrument by any issuer, sponsor, or underwriter linked to such security or money market instrument will occur outside the United States.”

Comments on the proposed rule are due 30 days after the date of its publication in the Federal Register. For more information, see the press release and proposed rule on the SEC’s Web site.

Correction list for hyphenation

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