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SEC RIN: 3235-AK14 Publication ID: Spring 2009 
Title: Proposed Rules for Nationally Recognized Statistical Rating Organizations 
Abstract: The Commission adopted rule amendments that impose additional requirements on nationally recognized statistical rating organizations ("NRSROs") in order to address concerns about the integrity of their credit rating procedures and methodologies in light of the role they played in determining credit ratings for securities collateralized by or linked to subprime residential mortgages. The Commission simultaneously proposed rule amendments regarding the disclosure of ratings history. The proposed rules also repropose certain amendments to Rule 17g-5. 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 17 CFR 240.17g-1    17 CFR 240.17g-2    17 CFR 240.17g-3    17 CFR 240.17g-5    17 CFR 240.17g-7   
Legal Authority: 15 USC 78o-7    15 USC 89q   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/25/2008  73 FR 36212   
NPRM Comment Period End  07/25/2008    
Final Rule  02/09/2009  74 FR 6465   
Second NPRM  02/09/2009  74 FR 6485   
Second NPRM Comment Period End  03/26/2009    
Final Action  09/00/2009    
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.sec.gov/rules/proposed/2009/34-59343.pdf  
RIN Data Printed in the FR: Yes 
Related RINs: Related to 3235-AK17, Related to 3235-AK18, Related to 3235-AK19 
Agency Contact:
Sheila Swartz
Division of Trading and Markets
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-5545
Email: swartzs@sec.gov