martindale.com
Legal Library
|
Recent Changes to SEC Rating Agency Reform Impose Burdensome Requirements on Structured Products Participantsby Cadwalader, Wickersham & Taft LLP - New York Office
|
|
March 16, 2010
Previously published on March 3, 2010
Recent amendments to rules of the Securities and Exchange Commission (“SEC”) relating to Nationally Recognized Statistical Rating Organizations (“NRSROs”) will require persons seeking a rating of structured products and asset backed securities to establish and maintain a passwordprotected website containing all information provided to a NRSRO in connection with the rating. This information includes information that may have been previously supplied orally to an NRSRO or its counsel, and would include discussions and negotiations with the NRSRO or its counsel relating to applicable transaction documents. The compliance date for the revised rules is June 2, 2010.
|
The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
| | View More Library Documents By... | | | |
| | | | Cadwalader, Wickersham & Taft LLP Overview |
Practice Area Resource Centers
|
|