Credit Rating Services Act, 2012 (Act No. 24 of 2012)Chapter 3 : Duties of Registered Credit Rating Agency11. Code of conduct |
| (1) | A registered credit rating agency must adopt, publish and adhere to a code of conduct that— |
| (a) | adopts the principles contained in a relevant international code of conduct prescribed by the registrar; and |
| (b) | describes how the code of conduct will be enforced. |
| (2) | A registered credit rating agency must publish any changes to its code of conduct. |
| (3) | A registered credit rating agency must publish on an annual basis any material deviations of its code of conduct from that of the code of conduct prescribed by the registrar in subsection (1) (a) and the reasons therefor. |