Document ID: SEC-2008-0857-0001
Agency: sec
Document Type: Notice
Title: Order Granting Registration of Realpoint LLC as a Nationally Recognized Statistical Rating Organization
Posted Date: 2008-06-26T04:00Z

[Federal Register: June 26, 2008 (Volume 73, Number 124)]
[Notices]               
[Page 36361-36362]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr26jn08-98]                         

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 58000]

 
Securities Exchange Act of 1934; Order Granting Registration of 
Realpoint LLC as a Nationally Recognized Statistical Rating 
Organization

June 23, 2008.

    Realpoint LLC (``Realpoint''), a credit rating agency, furnished to 
the Securities and Exchange Commission (``Commission'') an application 
for registration as a nationally recognized statistical rating 
organization (``NRSRO'') under Section 15E of the Securities Exchange 
Act of 1934 (``Exchange Act'') for the class of credit ratings 
described in clause (iv) of Section 3(a)(62)(B) of the Exchange Act.
    Based on the information provided in the application, Realpoint has 
a conflict of interest that would cause the firm to be in violation of 
Exchange Act Rule 17g-5(c)(1) (17 CFR 240.17g-5(c)(1)) if it became 
registered. Realpoint requested that the Commission grant Realpoint an 
exemption from the conflict of interest prohibition in Exchange Act 
Rule 17g-5(c)(1). Simultaneously with this Order, the Commission is 
issuing an

[[Page 36362]]

Order (``Exemptive Order'') granting Realpoint an exemption from 
Exchange Act Rule 17g-5(c)(1) until January 1, 2009.\1\
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    \1\ Release No. 34-58001 (June 23, 2008).
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    The Commission finds that the application furnished by Realpoint is 
in the form required by Exchange Act Section 15E, Exchange Act Rule 
17g-1 (17 CFR 240.17g-1), and Form NRSRO (17 CFR 249b.300) and contains 
the information described in subparagraph (B) of Section 15E(a)(1) of 
the Exchange Act.
    Based on the application and Exemptive Order, the Commission finds 
that the requirements of Section 15E of the Exchange Act are satisfied.
    Accordingly,
    It is ordered, under paragraph (a)(2)(A) of Section 15E of the 
Exchange Act, that the registration of Realpoint LLC with the 
Commission as an NRSRO under Section 15E of the Exchange Act for the 
class of credit ratings described in clause (iv) of Section 3(a)(62)(B) 
of the Exchange Act is granted.

    By the Commission.
Florence E. Harmon,
Acting Secretary.
 [FR Doc. E8-14529 Filed 6-25-08; 8:45 am]

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