Entire Section

  • COB 8.9 COB 8.9 Confidential information

    • COB 8.9.1

      A Credit Rating Agency must have policies, procedures and controls to ensure that it and its Employees do not:

      (a) use any information given to or obtained by the Credit Rating Agency on a confidential basis ("Confidential Information") for a purpose other than that for which it was given or obtained;
      (b) disclose the Confidential Information to any other Person, except:
      (i) in accordance with (a);
      (ii) with the prior written consent of the Person to whom a duty of confidentiality in respect of such Confidential Information is owed; or
      (iii) where obliged to do so by any legislation applicable to the Credit Rating Agency; and
      (c) disclose any pending Rating Action except to the Rating Subject or as agreed with the Rating Subject.
      [Added] DFSA RM97/2012 (Made 24th July 2012) [VER20/07-12]

    • COB 8.9.2

      Subject to COB Rule 8.9.1(b), a Credit Rating Agency and its Employees must not disclose Confidential Information in any manner, including in press releases, through research conferences, to future employers, or in conversations with investors, other issuers, other persons, or by other means.

      [Added] DFSA RM97/2012 (Made 24th July 2012) [VER20/07-12]

    • COB 8.9.3

      A Credit Rating Agency must have adequate measures to ensure that it and its Employees:

      (a) take all reasonable steps to protect all property and records belonging to or in possession of the Credit Rating Agency against fraud, theft or misuse; and
      (b) do not share Confidential Information entrusted to the Credit Rating Agency with any third parties except where permitted under COB Rule 8.9.1(b).
      [Added] DFSA RM97/2012 (Made 24th July 2012) [VER20/07-12]