Hong Kong plans to regulate credit-rating agencies
The Hong Kong Securities and Futures Commission (SFC) is to licence and regulate credit-rating agencies and their rating analysts from June 1.
Under the new regulations, announced on Thursday, both rating agencies and analysts intending to provide credit-rating services on or after June 1 must apply to the SFC for a licence available only to those who meet certain requirements. For analysts, these requirements include passing a test, unless they are accredited to a rating agency which was
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