Regulatory Alerts2025-07-01
Added · Updated
PACRA Policy for Charging Fees Relating to Credit Rating Services
The Pakistan Credit Rating Agency Limited (PACRA) issued this policy to standardize the fees charged for credit rating services, ensuring that revenue collection does not compromise rating independence or objectivity. The document requires transparent fee determination based on issuance size, assignment complexity, and prior client relationships, while mandating advance payments, strict billing timelines, and detailed disclosures of rating versus non-rating revenues in annual financial statements. Aligned with SECP regulations, PACRA enforces compensation and reporting structures that eliminate analyst conflicts of interest, allowing fee revisions through mutual consensus without prior notice.
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