Acts and Regulations

S-5.5 - Securities Act

Full text
Duty to comply with prescribed requirements
2011, c.43, s.18
44.2A designated credit rating organization shall comply with the requirements prescribed by regulation, including requirements
(a) relating to the establishment, publication and enforcement by the designated credit rating organization of a code of conduct applicable to its directors, officers and employees, including the minimum requirements for the code of conduct,
(b) prohibiting conflicts of interest between the designated credit rating organization and a person whose securities are being rated and establishing procedures to be followed if conflicts of interest arise or to avoid conflicts of interest,
(c) relating to the disclosure or furnishing of information to the Commission by the designated credit rating organization,
(d) relating to the maintenance of books and records necessary for the conduct of the designated credit rating organization’s business and the issuance and maintenance of credit ratings, and
(e) relating to the appointment by the designated credit rating organization of one or more officers responsible for compliance matters and any minimum standards that must be met or qualifications such an officer must have.
2011, c.43, s.18