The Capital Markets (Credit Rating Agencies) Regulations

22. Books of account and records.

Edition: 2023-12-15 · In force

Each credit rating agency shall keep and maintain, for at least seven years, the following books of account, records and documents—

(a)a copy of the financial statements for each financial year;

(b)a copy of the agreement between the credit rating agency and each client;

(c)information furnished to the credit rating agency by each client;

(d)correspondence between the credit rating agency and each client;

(e)the rating assigned to each security including any upgrade and downgrade, if any, of the security;

(f)rating notes used by the rating committee in the assigning of a rating;

(g)a record of the decisions of the rating committee;

(h)each letter assigning a rating;

(i)the particulars of fees charged by the credit rating agency for each rating; and

(j)such other records as the Authority may specify.