SEC Amends Rules for NRSROs

The SEC has issued a final rule, Amendments to Rules for Nationally Recognized Statistical Rating Organizations.

The final rule codifies “an existing exemption [to Exchange Act Rule 17g-5(a)(3)] for credit rating agencies registered with the Commission as nationally recognized statistical rating organizations (NRSROs).” The exemption applies to “certain structured finance products issued by non-U.S. persons and offered and sold outside the United States.”

For more information, see the press release and final rule on the SEC’s Web site.