What is the criteria for grant of a CMS licence for providing credit rating services?
9.1 The applicant should abide by the Code of Conduct for Credit Rating Agencies. [Amended on 17 January 2012]
9.2 The applicant should provide a description of its business model, rating methodologies and internal code of conduct. [Amended on 17 January 2012]
9.3 The applicant should provide a description of how it will observe the Code of Conduct for Credit Rating Agencies and a confirmation that it, its employees and its appointed representatives are and will continue to be in observance of the Code of Conduct for Credit Rating Agencies. [Amended on 17 January 2012]
9.4 Where the applicant also provides other ancillary services, it should furnish the list of ancillary services provided and an explanation why such services do not give rise to any conflict of interest with the applicant’s credit rating business. [Amended on 17 January 2012]