The U.S. Securities and Exchange Commission today put a key proposed regulation in the Federal Register.
The proposed rule would implement the Credit Rating Agency Reform Act of 2006, which would set rules for major credit rating agencies.
The agencies are now classified as “nationally recognized statistical rating organizations.”
The new act requires the SEC to issue final rules for NRSROs by June 26, 2007, SEC officials say.
Publication of the proposed rules in the Federal Register starts the official public comment period.
A copy of the Federal Register version of the proposed regulations is on the Web Document Link