Credit Rating Services Act, 2012 (Act No. 24 of 2012)Board NoticesRequirements for Approval of Compliance Unit3. Criteria for compliance officers of registered credit rating agencies |
| (1) | A person to be appointed as a compliance officer, must— |
| (a) | hold a legal, accounting or business degree or advanced diploma at NQF level 7; |
| (b) | have at least three years' experience in performing a compliance or risk management function; |
| (c) | have at least one year's experience in performing a compliance or risk management function in respect of a credit rating agency; and |
| (d) | comply with the same requirements determined by the registrar under section 5(1)(d) of the Act. |