Broad-Based Black Economic Empowerment Act, 2003
R 385
Credit Rating Services Act, 2012 (Act No. 24 of 2012)Chapter 5 : Liability and Independence of Registered Credit Rating Agencies19. Liability of registered credit rating agency |
| (1) | A registered credit rating agency may be delictually liable, in respect of a credit rating issued or credit rating services performed in the ordinary course of business in terms of this Act, for any loss, damages or costs sustained as a result of such credit rating or credit rating service. |
| (2) | Subsection (1) does not affect any additional or other liability of a registered credit rating agency to an investor or member of the public arising from a contractual relationship or the application of any law. |
