V-1.1 - Securities Act

Section 186.2 Disposition versions

2012-04-20

186.2. A designated credit rating organization must comply with the requirements set by regulation, including requirements relating to

(1)  the establishment, publication and enforcement of a code of conduct applicable to its directors, officers and employees, including the minimum requirements for such a code;

(2)  a prohibition to issue or maintain a credit rating;

(3)  procedures regarding conflicts of interest between the designated credit rating organization and the person whose securities are being rated;

(4)  the keeping of the books and registers necessary for the conduct of its business;

(5)  the disclosure of information to the Authority, the public and the person whose securities are being rated; and

(6)  the appointment of a compliance officer.

2009, c. 58, s. 100.