Order Granting Conditional Exemption for Japan Credit Rating Agency, Ltd. From Certain Requirements of Section 15E(t) of the Securities Exchange Act of 1934
Published . Updated .
Key takeaways
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Directly affected
- No company is named in this report.
Indirectly affected
- XLF Financial Select Sector SPDR-1.6% 30d
Financial Select Sector SPDR: it holds banks. Linked by “credit” (banks) in this story.
- KRE SPDR S&P Regional Banking ETF-3.0% 30d
SPDR S&P Regional Banking ETF: it holds banks. Linked by “credit” (banks) in this story.
- EWJ iShares MSCI Japan ETF+0.3% 30d
iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“japan”).
- JPM JPMorgan Chase+0.1% 30d
JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story.
- BAC Bank of America-11.4% 30d
Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story.
- WFC Wells Fargo+4.4% 30d
Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story.
- MUFG Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group (commercial banks, with business in Japan): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLFNo price data for this ticker | — | — | — | — | — | — | — |
| KRENo price data for this ticker | — | — | — | — | — | — | — |
| EWJNo price data for this ticker | — | — | — | — | — | — | — |
| JPMNo price data for this ticker | — | — | — | — | — | — | — |
| BACNo price data for this ticker | — | — | — | — | — | — | — |
| WFCNo price data for this ticker | — | — | — | — | — | — | — |
| MUFGNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Source: Federal Register
Congressional trades in the stocks in this story
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 60 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 60 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 68 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 55 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 71 days before publication. Filed 16 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 39 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $15,001 - $50,000 on 17 Sep 2026. That is 47 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $1,001 - $15,000 on 15 Sep 2026. That is 49 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Select Sector Spdr Tr (XLF)
Companies carried with this story
- XLF Select Sector Spdr Tr
For “Order Granting Conditional Exemption for Japan Credit Rating Agency, Ltd. From Certain Requirements of Section 15E(t) of the Securities Exchange Act of 1934,” Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence. Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “credit” (banks) in this story
- KRE Spdr Series Trust
In “Order Granting Conditional Exemption for Japan Credit Rating Agency, Ltd. From Certain Requirements of Section 15E(t) of the Securities Exchange Act of 1934,” Spdr Series Trust (KRE) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Regional Banking ETF: it holds banks. Linked by “credit” (banks) in this story
- EWJ Ishares
In “Order Granting Conditional Exemption for Japan Credit Rating Agency, Ltd. From Certain Requirements of Section 15E(t) of the Securities Exchange Act of 1934,” Ishares (EWJ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“japan”)
- JPM Jpmorgan Chase
For “Order Granting Conditional Exemption for Japan Credit Rating Agency, Ltd. From Certain Requirements of Section 15E(t) of the Securities Exchange Act of 1934,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story
- BAC Bank Of America
For “Order Granting Conditional Exemption for Japan Credit Rating Agency, Ltd. From Certain Requirements of Section 15E(t) of the Securities Exchange Act of 1934,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story
- WFC Wells Fargo
Wells Fargo (WFC) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Order Granting Conditional Exemption for Japan Credit Rating Agency, Ltd. From Certain Requirements of Section 15E(t) of the Securities Exchange Act of 1934.” Reason on file: Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story
- MUFG Mitsubishi Ufj Financial Group
Mitsubishi Ufj Financial Group (MUFG) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Order Granting Conditional Exemption for Japan Credit Rating Agency, Ltd. From Certain Requirements of Section 15E(t) of the Securities Exchange Act of 1934.” Reason on file: Mitsubishi UFJ Financial Group (commercial banks, with business in Japan): banks' earnings move with lending, deposits and rates. Linked by “credit” (banks) in this story
Select Sector Spdr Tr (XLF)
The 3 Nov 2026 story “Order Granting Conditional Exemption for Japan Credit Rating Agency, Ltd. From Certain Requirements of Section 15E(t) of the Securities Exchange Act of 1934” names Select Sector Spdr Tr (XLF) because of this story.
For Select Sector Spdr Tr (XLF), the reason on file says Financial Select Sector SPDR: it holds banks. Linked by “credit” (banks) in this story
Also listed, Spdr Series Trust (KRE): SPDR S&P Regional Banking ETF: it holds banks. Linked by “credit” (banks) in this story
The price range for Select Sector Spdr Tr (XLF), and the dates in the story
EWJ traded between 95.11 and 99.98 across 17 sessions. The latest close on file is 97.33. KRE traded between 67.80 and 71.93 across 20 sessions. The latest close on file is 70.61. XLF traded between 52.82 and 56.03 across 20 sessions. The latest close on file is 55.07.
How strong the case is around Select Sector Spdr Tr (XLF)
54 out of 100
“Order Granting Conditional Exemption for Japan Credit Rating Agency, Ltd. From Certain Requirements of Section 15E(t) of the Securities Exchange Act of 1934” scores 54 out of 100. The score uses 2 sources, and 7 linked companies.