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MFDF - Mutual Fund Directors Forum - May 18 SEC Open Meeting on Credit Rating Agencies

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May 18 SEC Open Meeting on Credit Rating Agencies

The SEC has announced an open meeting scheduled for May 18, 2011 to consider proposing amendments to existing rules affecting credit rating agencies.  These rule amendments are part of the Commission's implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  According to the SEC's announcement, the subject matter of the open meeting will be:

The Commission will consider whether to propose new rules and amendments to existing rules to implement provisions of Subtitle C of Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act that would apply to credit rating agencies registered with the Commission as nationally recognized statistical rating organizations, providers of third-party due diligence services for asset-backed securities, and issuers and underwriters of asset-backed securities.

The open meeting is scheduled to be held on Wednesday,  May 18, 2011, at 10:00AM, in the Auditorium, Room L-002, of the Commission's Washington, DC headquarters located at 100 F Street NE.  The meeting will be open to the public on a first come, first served, basis, and will be webcast live via a link on the Commission's website, www.sec.gov.  

The full text of the Commission's announcement is available at:  http://sec.gov/news/openmeetings/2011/ssamtg051811.htm