Public Service Commission Act, 1997
R 385
Notice No. 271 of 2013 |
Notice No. 271
12 April 2013
NATIONAL TREASURY
COMMENCEMENT DATE OF ACT AND DATE WITH EFFECT FROM WHICH PERSON MAY NOT PERFORM CREDIT RATING SERVICES OR ISSUE CREDIT RATING UNLESS REGISTERED AS CREDIT RATING AGENCY
I, Pravin J Gordhan, Minister of finance, hereby determine, in terms of—
| (a) | section 37 of the Credit Rating Services Act, 2012 (Act No. 24 of 2012) ("the Act"), 15 April 2013 as the date on which the Act comes into operation; and |
| (b) | section 3(2) of the Act, 17 December 2013 as the date with effect from which a person may not perform credit rating services or issue a credit rating in the Republic unless such person is a registered credit rating agency in terms of section 5 of the Act. |
PRAVIN J GORDHAN
MINISTER OF FINANCE
Date: 26 March 2013
