CFR > Title 17 - Commodity and Securities Exchanges > CHAPTER II—SECURITIES AND EXCHANGE COMMISSION > PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934 > 240.17g-7—Report of representations and warranties.

240.17g-7—Report of representations and warranties.

Each nationally recognized statistical rating organization shall include in any report accompanying a credit rating with respect to an asset-backed security (as that term is defined in Section 3(a)(77) of the Securities Exchange Act of 1934) a description of—
(a) The representations, warranties and enforcement mechanisms available to investors; and
(b) How they differ from the representations, warranties and enforcement mechanisms in issuances of similar securities.

Code of Federal Regulations

Note to § 240.17 g-7: For the purposes of this requirement, a “credit rating” includes any expected or preliminary credit rating issued by a nationally recognized statistical rating organization.

Code of Federal Regulations

[76 FR 4515, Jan. 26, 2011]