The Securities and Exchange Commission (SEC) is seeking public comments on the renewal of a rule known as Rule 17g-4, which applies to credit rating agencies. The rule requires these agencies, called Nationally Recognized Statistical Rating Organizations (NRSROs), to have policies that prevent improper sharing and use of sensitive information. Currently, there are 10 NRSROs, and they each spend about 10 hours a year maintaining these policies. Comments can be submitted until March 28, 2025, as outlined in the notice.
Simple Explanation
The SEC is asking people what they think about a rule that makes sure special companies that rate how good businesses are keep secrets safe and don't share them the wrong way. They need help to see if these rules are working well and if the companies are spending the right amount of time keeping them up.