ADMINISTRATIVE PROCEEDING "Under the trade name DBRS Morningstar"
File No. 3-20542


September 13, 2021 

Ending SEC Reliance on Credit Ratings   June 7, 2023

"As part of enacting comprehensive reforms to the credit ratings system, Congress, in the Dodd-Frank Wall Street Reform and Consumer Protection Act, directed all federal agencies to reduce reliance on and references to credit ratings in agency regulations. Today’s adoption is the Commission’s final step in fulfilling this Congressional mandate."