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Credit Rating Services Act, 2012

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To provide for the registration of credit rating agencies; to provide for the regulation of certain activities of credit rating agencies; to provide conditions for the issuing of credit ratings and rules on the organisation and conduct of credit rating agencies; and to for matters connected therewith.

 

Last update: March 2018


Copyright: This Act reproduced under Government Printers Copyright Authority 10154 dated 20 March 1996


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Latest Developments:

 

The Credit Rating Services Act, 2012 (Act No. 24 of 2012) has been amended as per Schedule 4 of the Financial Sector Regulation Act, 2017. Gazette Number 41549 - Notice 169 dated 29 March 2018.

 

The Credit Rating Services Act, 2012 (Act No. 24 of 2012) has been amended by Financial Services Laws General Amendment Act, 2013. Government Gazette 37351 dated 18 February 2014.

 

The Credit Rating Services Act, 2012 (Act No. 24 of 2012) has been amended by Government Gazette 37014, Board Notice 228 of 2013, Credit Rating Agency Rules, dated 15 November 2013.

 

The Credit Rating Services Act, 2012 (Act No. 24 of 2012) has been amended by Government Gazette 36720, Board Notice 169 of 2013, Prescribed Credit Rating Agency Fees, dated 2 August 2013.

 

The Credit Rating Services Act, 2012 (Act No. 24 of 2012) has been amended by Government Gazette 36720, Board Notice 168 of 2013, Annual Report to the Public by a Registered Credit Rating Agency, dated 2 August 2013.

 

The Credit Rating Services Act, 2012 (Act No. 24 of 2012) has been amended by Government Gazette 36720, Board Notice 167 of 2013, Requirements for Approval of Compliance Unit, dated 2 August 2013.

 

The Credit Rating Services Act, 2012 (Act No. 24 of 2012) has been amended by Government Gazette 36720, Board Notice 166 of 2013, Fit and Proper Requirements for Credit Rating Agencies, dated 2 August 2013.

 

The Credit Rating Services Act, 2012 (Act No. 24 of 2012) has been amended by Government Gazette 36720, Board Notice 164 of 2013, Application for Registration as Credit Rating Agency, dated 2 August 2013.

 

The Credit Rating Services Act, 2012 (Act No. 24 of 2012) has been amended by Government Gazette 36720, Board Notice 165 of 2013, International Code of Conduct, dated 2 August 2013.

 

The Credit Rating Services Act, 2012 (Act No. 24 of 2012) has been amended by Government Gazette 36720, Board Notice 170 of 2013, Prescribed Period in which Annual Report must be Published and Audited Financial Statements be submitted to the Registrar.

 

The Credit Rating Services Act, 2012 (Act No. 24 of 2012) has been amended by Government Gazette 36720, Board Notice 171 of 2013, Administrative Penalty to be Imposed by the Registrar, dated 2 August 2013.

 

The Credit Rating Services Act, 2012 (Act No. 24 of 2012) has been added to the website by Government Gazette 36071, Notice No. 15, dated 14 January 2013.

 

The Credit Rating Services Act, 2012 (Act No. 24 of 2012) has been amended by Government Gazette 36337, Notice No. 271, Commencement Date of Act and date with effect from which Person may not perform Credit Rating Services or Issue Credit Rating unless Registered as Credit Rating Agency.