Important Measures
Strengthening requirements for matters included in corporate bylaws of credit rating agency
2016-05-17
On April 12, 2016, referencing international norms and according to the third paragraph of Article 11 of Regulations Governing the Administration of Credit Rating Agencies the FSC introduced amendments to the Matters Required to be Included in the Corporate Bylaws of Credit Rating Agencies, in order to ensure integrity of the operation of the credit rating agency and enhance its internal management practices. The main points of the amendments (1) adding the requirement of rating process management and regular review of rating methods; (2) enhancing the internal management, control system, and employee remuneration policy of the credit rating agency; (3) increasing the independence of and preventing the conflict of interest in the credit rating agency.
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- Update: 2016-05-17