InsuranceIR's Blog

Earlier today, the SEC issued the final rule removing the Reg FD exemption for “nationally recognized statistical rating organizations and credit rating agencies for the purpose of determining or monitoring credit ratings.” The commission did not ask for comments before issuing a final rule because the change was required by Regulation FD Dodd-Frank.

The full text is available on the SEC’s website at Implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The rule does not make any specific comments on financial strength ratings vs. credit ratings, which means insurance companies should be prepared to function under this rule in the short term, even if the commission makes some clarification in the future.  I discussed some of the potential ramifications in an earlier post.

Filed under: Investor Relations, Rating agencies, SEC |