Statistics Act, 1999
R 385
Credit Rating Services Act, 2012 (Act No. 24 of 2012)Board NoticesBoard Notice 167 of 20132. Application |
| (1) | A credit rating agency must in this application for approval of a compliance unit indicate whether it will establish— |
| (a) | a unit within the registered credit rating agency; or |
| (b) | an external compliance unit |
| (2) | The registrar must be satisfied that the compliance officer, responsible for the compliance unit, with regard to a unit established under— |
| (a) | sub-paragraph (1)(a), complies with the criteria prescribed under paragraph 3; and |
| (b) | sub-paragraph (1)(b), complies with the criteria prescribed under paragraph 4. |
