Federal Register #2026-22521

SEC Conditional Governance Exemption for Japan Credit Rating Agency

The Securities and Exchange Commission issued a conditional regulatory exemption to Japan Credit Rating Agency, Ltd. (JCR). - Government agency: U.S. Securities and Exchange Commission (SEC). - Entity receiving the exemption: Japan Credit Rating Agency, Ltd. (JCR). - The exemption allows JCR to meet applicable board independence and oversight requirements under Sections 15E(t)(2) and 15E(t)(3) of the Securities Exchange Act of 1934 through its supervisory committee. - Key requirements: The order sets 12 conditions addressing committee independence, oversight responsibilities, member terms and compensation, recordkeeping, notifications, and reporting. - SEC staff will examine JCR’s compliance with the conditions. - No products, services, quantities, or part numbers are requested.

Description

The Securities and Exchange Commission grants Japan Credit Rating Agency, Ltd. a conditional exemption from requirements under Sections 15E(t)(2) and 15E(t)(3) of the Securities Exchange Act of 1934. The exemption allows JCR to meet those requirements through its supervisory committee. It is subject to 12 conditions, including requirements concerning committee independence, oversight duties, member terms and compensation, notifications, and reporting. The order states that Commission staff will examine JCR’s compliance with the conditions.

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