Suspension and cancellation of registration restrict credit rating agencies from undertaking rating activities, subject to regulator's directions and limited exceptions. Suspension and cancellation require the credit rating agency to cease rating activities from the effective date and comply with the Board's directions regarding records, documents, securities or reports connected to its rating activities, including transfer of custody on cancellation; the Board may permit the agency to continue limited work on assignments undertaken prior to suspension or cancellation if it deems that in the interest of investors.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Suspension and cancellation of registration restrict credit rating agencies from undertaking rating activities, subject to regulator's directions and limited exceptions.
Suspension and cancellation require the credit rating agency to cease rating activities from the effective date and comply with the Board's directions regarding records, documents, securities or reports connected to its rating activities, including transfer of custody on cancellation; the Board may permit the agency to continue limited work on assignments undertaken prior to suspension or cancellation if it deems that in the interest of investors.
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