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    <description>The Board may appoint inspecting officers to inspect books, accounts, records and documents of credit rating agencies to verify proper recordkeeping, compliance with the Act and regulations, investigate complaints relating to ratings of securities listed or proposed to be listed on recognized exchanges, and act in the interest of the market or investors. Inspections will not ordinarily assess the substantive appropriateness of assigned ratings, except where serious complaints warrant rating-focused inspections conducted by Board officers, independent experts, or both.</description>
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