SEC Proposes to Remove Credit Rating References From Regulation M

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.