Credit rating agency/Timelines: Difference between revisions
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==2002== | |||
* Sarbanes-Oxley Act - requires the SEC to conduct a study of the role and function of credit rating agencies | |||
==2006== | ==2006== | ||
Congress passed the Credit Rating Agency Reform Act[http://www.govtrack.us/congress/bill.xpd?tab=summary&bill=s109-3850] that provided the SEC with authority to impose registration, recordkeeping, and reporting rules on credit rating agencies registered as Nationally Recognized Statistical Rating Organizations (NRSRO). Currently, 10 credit rating agencies are registered with the Commission as NRSROs as defined by the Act. | *Congress passed the Credit Rating Agency Reform Act[http://www.govtrack.us/congress/bill.xpd?tab=summary&bill=s109-3850] that provided the SEC with authority to impose registration, recordkeeping, and reporting rules on credit rating agencies registered as Nationally Recognized Statistical Rating Organizations (NRSRO). Currently, 10 credit rating agencies are registered with the Commission as NRSROs as defined by the Act. | ||
==2007== | ==2007== | ||
Revision as of 00:40, 2 March 2010
2002
- Sarbanes-Oxley Act - requires the SEC to conduct a study of the role and function of credit rating agencies
2006
- Congress passed the Credit Rating Agency Reform Act[1] that provided the SEC with authority to impose registration, recordkeeping, and reporting rules on credit rating agencies registered as Nationally Recognized Statistical Rating Organizations (NRSRO). Currently, 10 credit rating agencies are registered with the Commission as NRSROs as defined by the Act.