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

Chapter 1 : Definitions, Objects and Application

2. Objects of Act

 

 

2.        The objects of this Act are to—

(a)        ensure responsible and accountable credit rating agencies;

(b)        protect the integrity, transparency and reliability of the credit rating process and credit ratings;

(c)        improve investor protection;

(d)        improve the fairness, efficiency and transparency  of financial markets; and

(e)        reduce  systemic risk.