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Regulatory scope of credit rating agencies broadened to include Board specified activities as conditions of registration. Regulation 9(f) of the 1999 Credit Rating Agencies Regulations is amended to insert wording that a credit rating agency may be subject to conditions concerning 'carrying out any activity as may be specified by the Board or' the existing restriction regarding rating of financial instruments, thereby enabling the Board to prescribe additional activities or conditions as part of a CRA's registration and oversight.
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Provisions expressly mentioned in the judgment/order text.
Regulatory scope of credit rating agencies broadened to include Board specified activities as conditions of registration.
Regulation 9(f) of the 1999 Credit Rating Agencies Regulations is amended to insert wording that a credit rating agency may be subject to conditions concerning "carrying out any activity as may be specified by the Board or" the existing restriction regarding rating of financial instruments, thereby enabling the Board to prescribe additional activities or conditions as part of a CRA's registration and oversight.
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