Regulatory Alerts2017-09-19
Added · Updated
Regulations No 23 of 5 July 2016 on the Registration of Credit Rating Agencies in Rwanda
The Capital Market Authority of Rwanda issued Regulations No 23 to establish a comprehensive registration framework for credit rating agencies operating within the country. The regulations mandate that applicants submit prescribed forms and supporting documents, disclose key information during registration, and comply with specific operational, structural, and independence requirements. Furthermore, the framework aligns domestic agencies with IOSCO standards by outlining rating methodologies, conflict-of-interest protocols, human resource expertise, staff rotation rules, and ongoing reporting obligations.
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