Registration framework for credit rating agencies: initial and permanent registration regimes with specified application and fee obligations. The amendment establishes distinct certificate of initial registration and certificate of permanent registration regimes: initial registration is granted in Form B for five years and may be deemed for existing agencies subject to balance fee payment; permanent registration applications in Form A may be filed three months before expiry, require prescribed non refundable fees, updated information and declarations, are processed as fresh applications, and, if granted, attract periodic fees as specified in the Second Schedule.
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Registration framework for credit rating agencies: initial and permanent registration regimes with specified application and fee obligations.
The amendment establishes distinct certificate of initial registration and certificate of permanent registration regimes: initial registration is granted in Form B for five years and may be deemed for existing agencies subject to balance fee payment; permanent registration applications in Form A may be filed three months before expiry, require prescribed non refundable fees, updated information and declarations, are processed as fresh applications, and, if granted, attract periodic fees as specified in the Second Schedule.
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