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SEC.702.COMMISSION STUDY AND REPORT REGARDING CREDIT RATING AGENCIES.
(a)STUDY REQUIRED.-
(1)IN GENERAL.-The Commission shall conduct a study of the role and function of credit rating agencies in the operation of the securities market.
(2)AREAS OF CONSIDERATION.-The study required by this subsection shall examine-
(A)the role of credit rating agencies in the evaluation of issuers of securities;
(B)the importance of that role to investors and the functioning of the securities markets;
(C)any impediments to the accurate appraisal by credit rating agencies of the financial resources and risks of issuers of securities;
(D)any barriers to entry into the business of acting as a credit rating agency,and any measures needed to remove such barriers;
(E)any measures which may be required to improve the dissemination of information concerning such resources and risks when credit rating agencies announce credit ratings;and
(F)any conflicts of interest in the operation of credit rating agencies and measures to prevent such conflicts or ameliorate the consequences of such conflicts.
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