Credit Rating Services Act, 2012 (Act No. 24 of 2012)Chapter 3 : Duties of Registered Credit Rating Agency15. Annual report |
| (1) | A registered credit rating agency must annually publish a report to the public, which report must include at least the following: |
| (a) | detailed information on its legal structure and ownership; |
| (b) | a description of its internal control mechanisms that ensure the quality of the credit rating services; |
| (c) | a description of its record-keeping policy; |
| (d) | the outcome of the annual internal review undertaken by its independent compliance unit; |
| (e) | financial information on its revenue sources, divided into fees from credit rating services, ancillary services and other services; and |
| (f) | any other prescribed information. |
| (2) | The annual report contemplated in subsection (1) must be— |
| (a) | submitted to the registrar together with the audited financial statements of the registered credit rating agency; and |
| (b) | published within a period prescribed by the registrar or such later date as the registrar may allow on application by a registered credit rating agency and must remain available on the website of the registered credit rating agency for at least five years. |