SEC Release 34-57967 TOC

Proposed Rules for Nationally Recognized Statistical Rating Organizations

Table of Contents

C. The Role of Credit Ratings in the Credit Market Turmoil

II. Proposed Amendments

A. Amendments to Rule 17g-5

1. Addressing the Particular Conflict Arising from Rating Structured Finance Products by Enhancing the Disclosure of Information Used in the Rating Process
2. Rule 17g-5 Prohibition on Conflict of Interest Related to Rating an Obligor or Debt Security where Obligor or Issuer Received Ratings Recommendations from the NRSRO or Person Associated with the NRSRO
3. Rule 17g-5 Prohibition on Conflict of Interest Related to the Participation of Certain Personnel in Fee Discussions
4. Rule 17g-5 Prohibition of Conflict of Interest Related to Receipt of Gifts

B. Amendments to Rule 17g-2

C. Amendments to the Instructions for Form NRSRO

D. Amendment to Rule 17g-3 (Report of Credit Rating Actions)

III. PROPOSED NEW RULE 17g-7 (SPECIAL REPORTING OR USE OF SYMBOLS TO DIFFERENTIATE CREDIT RATINGS FOR STRUCTURED FINANCE PRODUCTS)

IV. PAPERWORK REDUCTION ACT

D. Total Annual Recordkeeping and Reporting Burden

E. Collection of Information Is Mandatory
F. Confidentiality
G. Record Retention Period
H. Request for Comment

V. COSTS AND BENEFITS OF THE PROPOSED RULES

A. Benefits

C. Total Estimated Costs and Benefits of this Rulemaking

VI. CONSIDERATION OF BURDEN ON COMPETITION AND PROMOTION OF EFFICIENCY, COMPETITION, AND CAPITAL FORMATION

VII. CONSIDERATION OF IMPACT ON THE ECONOMY

VIII. INITIAL REGULATORY FLEXIBILITY ANALYSIS

IX. STATUTORY AUTHORITY

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