| (1) |
A conduct standard for or in respect of credit rating agencies may be made on any of the following matters:— |
[Words preceding section 24(1)(a) substituted by section 290, item 6(a) in Schedule 4, of Act No. 9 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]
| (a) |
organisational requirements for registered credit rating agencies; |
| (b) |
the independence of registered credit rating agencies and the avoidance of conflicts of interest by registered credit rating agencies; |
| (d) |
the presentation of credit ratings; |
| (j) |
additional disclosures; |
| (g) |
adequate and appropriate record-keeping; |
| (h) |
fraudulent and misleading advertising, canvassing and marketing; |
| (i) |
suitable guarantees, professional indemnity or fidelity insurance cover, and mechanisms for adjustments of such guarantees or cover; |
| (k) |
the responsibilities of credit rating agencies to investors and the public; and |
| (l) |
any matter that the registrar is required or permitted to prescribe in terms of this Act. |
| (2) |
The conduct standard contemplated in subsection (1) may— |
[Words preceding section 24(2)(a) substituted by section 290, item 6(b) in Schedule 4, of Act No. 9 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]
| (a) |
apply to registered credit rating agencies, credit ratings, endorsed credit ratings or credit rating services generally; or |
| (3) |
[Section 24(3) deleted by section 290, item 7 in Schedule 4, of Act No. 9 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018) |
| (4) |
[Section 24(4) deleted by section 290, item 7 in Schedule 4, of Act No. 9 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018) |
Prevention and Combating of Corrupt Activities Act, 2004
