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

Chapter 1 : Definitions, Objects and Application

2. Objects of Act

 

The objects of this Act are to—

(a) ensure responsible and accountable credit rating agencies;
(b) protect the integrity, transparency and reliability of the credit rating process and credit ratings;
(c) improve investor protection;
(d) improve the fairness, efficiency and transparency  of financial markets; and
(e) reduce  systemic risk.