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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
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