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Credit Rating Services Act, 2012 (Act No. 24 of 2012)

Board Notices

Board Notice 167 of 2013

2. Application

 

 

(1) A credit rating agency must in this application for approval of a compliance unit indicate whether it will establish—
(a) a unit within the registered credit rating agency; or
(b) an external compliance unit

 

(2) The registrar must be satisfied that the compliance officer, responsible for the compliance unit, with regard to a unit established under—
(a) sub-paragraph (1)(a), complies with the criteria prescribed under paragraph 3; and
(b) sub-paragraph (1)(b), complies with the criteria prescribed under paragraph 4.