Credit Rating Services Act, 2012 (Act No. 24 of 2012)Board NoticesAdministrative Penalty to be Imposed by the Registrar2. Administrative penalty to be imposed |
The administrative penalty which the registrar may impose on a registered credit rating agency for failure to submit to the registrar within a period specified in terms of the Act, any statement, report, return or other document or information required to be submitted in terms of the Act, is R 1 000 for every day during which the failure continues.