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

Board Notices

Requirements for Approval of Compliance Unit

1. Definitions

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

 

"external compliance unit"

means a compliance unit established within the group to which the registered credit rating agency belongs;

 

"NQF level 7"

means level 7 of the national qualifications framework contemplated in the National Qualifications Framework Act, 2008 (Act No. 67 of 2008).