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Monday
May162011

SFC to licence credit rating agencies

DateMonday, May 16, 2011 at 5:23PM

On 21 April 2011, the SFC announced that it will license and regulate credit rating agencies (CRAs) and their rating analysts from 1 June 2011. The creation of a regulatory regime for CRAs follows a public consultation exercise that was conducted by the SFC in the second half of 2010. In anticipation of the upcoming regulation, both CRAs and their rating analysts intending to provide credit rating services on or after 1 June 2011 must submit applications to the SFC for a Type 10 licence.

 

Further details are available here

Article written by AuthorKathryn Mathers | | | Print ArticlePrint Article | CommentPost a Comment
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