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

Board Notices

Board Notice 228 of 2013

Part X : Control and Prohibition of Incentives

16. Incentives

 

 

A credit rating agency or any person acting on its behalf must have a gift policy in place and take reasonable steps to ensure that its rating analysts do not offer, give, solicit or accept any gift, incentive, remuneration or consideration to or from any person with whom the agency does business, other than remuneration in the ordinary course of business.