Regulatory Alerts2025-07-01
Added · Updated
Treatment of Confidential Information by PACRA and Its Employees
The Pakistan Credit Rating Agency Limited (PACRA) has issued a comprehensive policy mandating the protection and proper handling of confidential information by all employees and external rating committee members. The framework establishes strict safeguards, including functional segregation, securities trading restrictions, robust business and data firewalls, and mandatory non-disclosure agreements to prevent misuse or selective disclosure. It defines non-public client data and pre-dissemination ratings as confidential, permits authorized or compelled disclosures without liability, and aligns PACRA’s internal protocols with the Securities and Exchange Commission of Pakistan’s regulatory requirements.
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