SEC Approves Amendments Regarding Nationally Recognized Statistical Rating Organizations (Fed. Reg.)

The SEC's adopted amendments to existing rules, and new rules that apply to credit rating agencies registered with the SEC as nationally recognized statistical rating organizations ("NRSROs"), were published in the Federal Register.

The amendments relate to the implementation of a requirement added by Dodd-Frank that issuers and underwriters of asset-backed securities make publicly available the findings and conclusions of any third-party due diligence report obtained by the issuer or underwriter.

The rules will become effective on November 14, 2014. Certain amendments listed in the release have alternative effective dates.

See: 79 FR 55077.