Department of Justice Office of Legal Counsel October 22, 2009 (Mandatory Registration of Credit Rating Agencies)

Mandatory Registration of Credit Rating Agencies

The Administration’s proposal for mandatory registration of credit rating agencies—

which would exempt an agency if (1) it does not provide ratings of securities in

exchange for fees or other forms of compensation from the securities’ issuers; and

(2) it issues credit ratings only in any bona fide newspaper, news magazine or business

or financial