SEC Proposes to Remove Credit Rating References From Regulation M
March 24, 2022
The SEC has issued a proposed
rule, Removal of References to Credit Ratings From Regulation
M. The proposal would remove “references to credit rating agencies from
existing exceptions provided in Rule 101 and Rule 102 of Regulation M, a set of
rules designed to preserve market integrity by prohibiting activities that could
artificially influence the market for an offered security.”
For more information, see the press
release and fact
sheet on the SEC’s Web site.