ADVOKS GLOBAL · KENYA
The Capital Markets (Credit Rating Agencies) Regulations
11. Conflicts of interest
Edition: 2023-12-15 · In force
11. Conflicts of interest
(1)An entity carrying on business as a credit rating agency shall operationally, legally and, where practicable, physically separate its credit rating business from any other business of the entity that may resent a conflict of interest.(2)Where the other business of the entity does not present a conflict of interest with the entity's credit rating business, the entity shall establish, maintain, document and enforce policies, procedures and controls for the minimisation of conflicts of interest shall arise between that other business and the credit rating business.(3)An entity carrying on business as a credit rating agency shall disclose to the Authority in writing the justification as to why that other business of the entity does not present a conflict of interest with the credit rating business of the entity.