Regulatory Alerts2011-03-30
Guidelines on Registration of Credit Rating Agencies
The Securities Commission of Malaysia issued these Guidelines under the Capital Markets and Services Act 2007 to establish regulatory and supervisory requirements for Credit Rating Agencies operating in the country. The document mandates strict registration criteria including a minimum RM10 million capital base, robust governance structures with independent directors, and comprehensive policies for rating methodologies, transparency, and conflict of interest management. It further imposes continuous compliance obligations regarding timely disclosure, regular bond monitoring, staff expertise, and the appointment of independent compliance officers to ensure integrity and alignment with international standards.
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