📊Compliance Requirements for NRSROs Under Rule 17g-4
Submission for OMB Review; Comment Request; Extension: Rule 17g-4
Summary
The Securities and Exchange Commission (SEC) seeks comments on an information collection under the Paperwork Reduction Act regarding Rule 17g-4. This rule mandates that nationally recognized statistical rating organizations maintain policies to prevent the inappropriate dissemination of nonpublic information, impacting their operations and compliance efforts in the financial sector.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document outlines compliance requirements under Rule 17g-4 for nationally recognized statistical rating organizations (NRSROs) to prevent misuse of nonpublic information. This directly impacts business operations for credit rating agencies and financial institutions relying on their ratings, necessitating effective internal policies and procedures to adhere to these regulatory standards.