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

Board Notices

Application for Registration as Credit Rating Agency

Annexures

Annexure 2 to Form CRSA1
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1.Information required in respect of members of the board of directors of a credit rating agency

 

An application for the registration of a credit rating agency must be accompanied by the following information in respect of members of the board of directors of the applicant:

 

1.A curriculum vitae in respect of each member of the controlling body indicating the nature and extent of the member's qualifications and experience in the business operated by the applicant and the names of two referees;

 

2.Compliance with all the provisions in the Notice setting out the fit and proper requirements of directors and key  employees of the credit rating agency, including the submission of all documents required under the Notice.

 

3.Full details of any fact which may have an impact on the evaluation by the registrar of the good character and integrity of a member of the controlling body.

 

2.Information required in respect of the applicant's credit analysts and the persons who supervise the credit analysts of a credit rating agency

 

An application for the registration as a credit rating agency must be accompanied by the following information in respect of the applicant's credit analysts and the persons who supervise the credit analysts:

 

1.The total number of credit analysts.

 

2.The total number of credit analyst supervisors and their location.

 

3.A general description of the minimum qualifications required of the credit analysts, including educational level and work experience (if applicable distinguish between junior, mid and senior level credit analysts).

 

4.A general description of the minimum qualifications required of the credit analyst supervisors, including educational level and work experience.

 

5.Compliance with all the provisions as contained in the Notice setting out the fit and proper requirements of directors and key employees of the credit rating agency, including the submission of all documents under the Notice.

 

3.Information required in respect of the designated compliance officer of the applicant

 

An application for the registration of a credit rating  agency must be accompanied by the following information in respect of the designated compliance officer of the applicant:

 

1.        Name;

 

2.        Employment history;

 

3.        Post-Secondary Education;

 

4.Compliance with all the provisions as contained in the Notice setting out the fit and proper requirements of directors and employees of the credit rating agency, including the submission of all documents required under the Notice.