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| South Africa NATIONAL LEGISLATION OVERVIEWS  |
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Credit
Rating Services Act, No. 24 of 2012
NOTE: Assented to and published in English, with alternative copy in Tsonga
NOTE: Assented to and published in English, with alternative copy in Tsonga
Long title
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 provide for matters connected therewith.
Table of contents
| SECTION | TITLE |
| TABLE OF CONTENTS | |
| CHAPTER
1. DEFINITIONS, OBJECTS AND APPLICATION |
|
| 1. | Definitions and interpretation |
| 1A. | Relationship between Act and Financial Sector Regulation Act [...inserted by Act 2017_009_290_20170822 Sch4 Item2] |
| 1B. | Regulatory instruments [...inserted by Act 2017_009_290_20170822 Sch4 Item2] |
| 2. | Objects
of Act |
| 3. | Application
of Act |
| 4. | Use
of credit ratings |
| CHAPTER 2. REGISTRATION | |
| 5. | Application
for registration |
| 6. | Suspension
and cancellation of registration |
| CHAPTER 3. DUTIES OF REGISTERED CREDIT RATING AGENCY | |
| 7. | Duties |
| 8. | Appointment
of directors |
| 9. | Methodologies,
models and key rating assumptions |
| 10. | Credit
ratings |
| 11. | Code of conduct |
| 12. | Outsourcing
and other services |
| 13. | Disclosures |
| 14. | Records |
| 15. | Annual
report |
| 16. | Independent
compliance unit |
| 17. | Accounting
and auditing requirements |
| CHAPTER 4. ENDORSEMENT OF EXTERNAL CREDIT RATINGS | |
| 18. | Requirements
for endorsement of external credit ratings |
| CHAPTER 5. LIABILITY AND INDEPENDENCE OF REGISTERED CREDIT RATING AGENCIES | |
| 19. | Liability
of registered credit rating agency |
| 20. | Independence |
| CHAPTER 6. ADMINISTRATION OF ACT | |
| 21. | [...repealed
by Act 2017_009_290_20170822 Sch4 Item4- was entitled "Registrar
and deputy registrar of credit rating agencies"] |
| 22. | [...repealed by Act 2017_009_290_20170822 Sch4 Item4- was entitled "Delegation and assignment"] |
| 23. | Powers
and functions of registrar |
| 24. | Rules |
| 25. | [...repealed by Act 2017_009_290_20170822 Sch4 Item8 - was entitled "Inspections and on-site visits"] |
| 26. | [...repealed by Act 2017_009_290_20170822 Sch4 Item8 - was entitled "Directives"] |
| 27. | [...repealed by Act 2017_009_290_20170822 Sch4 Item8 - was entitled "Exemptions"] |
| 28. | [...repealed by Act 2017_009_290_20170822 Sch4 Item8 - was entitled "Fees and penalties"] |
| 29. | [...repealed by Act
2013_045_263_20140116 - was entitled "Cooperation
with regulatory authorities"] |
| CHAPTER 7. ENFORCEMENT ACTIONS AND REMEDIES | |
| 30. | [...repealed by Act 2017_009_290_20170822 Sch4 Item8 - was entitled "\Enforcement committee"] |
| 31. | [...repealed by Act 2017_009_290_20170822 Sch4 Item8 - was entitled "Civil action"] |
| 32. | Offences
and penalties |
| 33. | [...repealed
by Act 2017_009_290_20170822 Sch4 Item8 - was entitled "Right
of appeal"] |
| CHAPTER 8. GENERAL PROVISIONS | |
| 34. | Regulations |
| 35. | Saving
of rights |
| 36. | Amendment
of law |
| 37. | Short
title and commencement |
| Sch. | SCHEDULE. LAW AMENDED (SECTION 36) [s36] |
Legislation Text Access Point
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| As unamended Act 2012_024_000_20130114 | s (LB full copy on request) | REQ.INFO | LINK |
| As amended by Act 2013_045_000_20140116 . | N/A | REQ.INFO | LINK |
| As amended by Act 2017_009_000_20170822 . | N/A | REQ.INFO | LINK |
| As amended by ... | N/A | REQ.INFO | LINK |
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