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SEC RIN: 3235-AL54 Publication ID: Fall 2016 
Title: Credit Rating Agencies--Conflicts of Interest 
Abstract:

The Office of Credit Ratings is considering recommending that the Commission propose rules and amendments designed to address 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 increase transparency and promote 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: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: 17 CFR 240.17g-5   
Legal Authority: 15 U.S.C. 78o-7    15 U.S.C. 78q    15 U.S.C. 78mm   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/00/2017 
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:
Harriet Orol
Office of Credit Ratings
Securities and Exchange Commission
Brookfield Place, 200 Vesey Street, Suite 400,
New York, NY 10281-1022
Phone:212 336-0554
Email: orolh@sec.gov