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As briefly discussed in prior blog posts, the securitized product rules published by the Canadian Securities Administrators (CSA) propose to significantly expand the continuous and periodic disclosure regime applicable to issuers of securitized markets in both the public and private markets
On May 19, 2010, the SEC conditionally exempted until December 2, 2010 national recognized statistical rating organizations (NRSROs) from certain requirements in Rule 17g-5(a)(3) of the Securities Exchange Act of 1934 (the Rule), which had a compliance date of June 2, 2010
On June 25, 2010, the Canadian Securities Administrators (CSA) published for comment proposed amendments to National Instrument 81-102 Mutual Funds (NI 81-102) and related instruments, which set out the regulatory framework for mutual funds under Canadian securities legislation
Under the SEC's Release 34-61050, published in December 2009, additional disclosure and conflict of interest requirements were imposed on nationally recognized statistical rating organizations (NRSROs) in the United States
