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

Board Notices

Purchase

(1)	A person to be appointed as a compliance officer of an external compliance unit must have similar experience and qualifications as prescribed under paragraph 3.

(2)	The registrar must be satisfied that—

(a)	the compliance unit is able to regularly monitor the compliance of the registered credit rating agency;

(b)	the compliance officer will be able to comply with the duties of a compliance officer as set out in section 16(3)(a) of the Act.