Credit Rating Services Act, 2012 (Act No. 24 of 2012)Chapter 1 : Definitions, Objects and Application2. Objects of Act |
The objects of this Act are to—
| (a) | ensure responsible and accountable credit rating agencies; |
| (b) | protect the integrity, transparency and reliability of the credit rating process and credit ratings; |
| (c) | improve investor protection; |
| (d) | improve the fairness, efficiency and transparency of financial markets; and |
| (e) | reduce systemic risk. |