Nationally Recognized Statistical Rating Organizations
In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ``Dodd-Frank Act'') and to enhance oversight, the Securities and Exchange Commission (``Commission'') is proposing amendments to existing rules and new rules that would apply to credit rating agencies registered with the Commission as nationally recognized statistical rating organizations (``NRSROs''). In addition, in accordance with the Dodd-Frank Act, the Commission is proposing a new rule and form that would apply to providers of third-party due diligence services for asset-backed securities. Finally, the Commission is proposing amendments to existing rules and a new rule that would implement a requirement added by the Dodd-Frank Act 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 Commission is requesting comment on the proposed rule amendments and new rules.