Regulatory Alerts2021-11-01
Securities Industry (Credit Rating Agencies) Guidelines 2021
The Securities and Exchange Commission of Ghana has issued mandatory guidelines establishing comprehensive regulatory requirements for all licensed Credit Rating Agencies operating in the country. The framework mandates strict licensing criteria, including specific director qualifications and Ratings Committee residency rules, while enforcing rigorous standards for rating methodologies, ongoing surveillance, and conflict-of-interest mitigation. Additionally, the guidelines require agencies to maintain transparent disclosure practices, adopt IOSCO-aligned codes of conduct, and submit regular compliance reports to the SEC to ensure market integrity and investor protection.
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