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SEC | RIN: 3235-AL54 | Publication ID: Spring 2014 |
Title: ●Exchange Act Rule 17g-5--Conflicts of Interest | |
Abstract: The Division is considering recommending that the Commission propose amendments to enhance a rule designed to mitigate the conflicts of interest associated with the issuer-pay business model (i.e., the NRSRO receives compensation from issuers and obligors for rating the securities of the issuer or the obligor) and improve transparency, quality, and competition for the ratings of securities and money markets instruments issued by an asset pool or as part of any asset-backed or mortgage-backed securities transaction. | |
Agency: Securities and Exchange Commission(SEC) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 17 CFR 240.17g-5 | |
Legal Authority: 15 USC 78o-7 15 USC 78q 15 USC 78mm |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Kimberly Chehardy Division of Trading and Markets Securities and Exchange Commission 10 F Street NE, Washington, DC 20549 Phone:202 551-5791 Email: chehardyk@sec.gov |