The Securities and Exchange Commission last week released final rule changes designed to impose additional disclosure and conflict of interest requirements on rating agencies registered as nationally recognized statistical rating organizations. At the same time, it issued proposed new rules that would impose additional reporting requirements on the NRSROs.

The voluminous regulatory documents — which comprise nearly 300 pages and include final rules requiring rating agencies to disclose a complete history of their ratings — come after the five-member commission voted unanimously for them in September.

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