Prevention and Combating of Corrupt Activities Act, 2004
R 385
Credit Rating Services Act, 2012 (Act No. 24 of 2012)Board NoticesFit and Proper Requirements for Credit Rating Agencies4. Operational ability |
An applicant must have and be able to maintain the operational ability to fulfil the responsibilities imposed by the Act on registered credit rating agencies, including at least the following —
| (a) | a fixed business address in the Republic of South Africa; |
| (b) | adequate access to communication facilities including at least a full-time telephone or cell phone service, administrative facilities, including electronic, typing and document duplication facilities; |
| (c) | adequate storage and filing systems for the safe-keeping of records, business communications and correspondence; and |
| (d) | an account with a registered bank in the Republic of South Africa. |
