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

Board Notices

Fit and Proper Requirements for Credit Rating Agencies

1. Definitions

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In this Schedule, "Act" means the Credit Rating Services Act, 2012 (Act No. 24 of 2012). Any word or expression to which a meaning has been assigned in the Act has that meaning and, unless the context otherwise indicates-

 

"applicant"

means a person applying for registration as a credit rating agency as contemplated in section 5 of the Act; and

 

"key employee"

means any employee of the credit rating agency involved in credit rating services.