1. The Guidelines was revised pursuant to a holistic review on the existing credit rating agency (CRA) framework. The key amendments relate to, among others, enhancements to governance requirements and improvements to integrity of the rating process.
2. Additional amendments were made to enhance clarity of certain requirements in the Guidelines.
3. Consequential amendments were made in relation to the implementation of the Electronic Application System (EASy).
4. Housekeeping amendments throughout the Guidelines were made to provide greater clarity and consistency. These amendments include stylistic or formatting changes and necessary changes of an editorial nature such as renumbering and rephrasing of certain requirements and contents, standardisation of terminology, updating of information, grammatical corrections, and alphabetical order. Other amendments include substitution of terms (i.e. ‘shall’ with ‘must’, ‘bond’ with ‘corporate bonds and sukuk’ and ‘working days’ to ‘business days’).
This document belongs to Securities Commission Malaysia (SC). Full access to the original source is available here: https://www.sc.com.my/development/icm
